NEW ROSS Credit Union had some good news for its members coming up to Christmas when it announced at its AGM that the body had performed strongly in 2014, resulting in a surplus of €1.6 million.
As a result the Board was pleased to announce that €1.1 million in dividend and interest rebate will be paid into members’ accounts in the coming days. The dividend payment of 1.25% on members’ shares balances amounts to €766,983 overall, and the interest rebate of 15% on interest payments over the year amounts to €338,564.
Welcoming the strong performance in 2014, the Chairman of New Ross Credit Union Mr Seamus Bolger said: “New Ross Credit Union is delighted to announce that it will pay close to €1.1 million to members this year through a 1.25% dividend and a 15% loan interest rebate, which highlight the strength of the Credit Union.
He said: “New Ross Credit Union will continue to make prudent and responsible decisions on behalf of their members and we will continue to protect their interests. New Ross Credit Union is looking to the future and we would like to take the opportunity to thank all of the loyal members for their support throughout this year.”
[Full story in this week’s Echo]
