Celebrating the launch of Premier Credit Union recently in Roscrea and the recent merger with Thurles and Roscrea were staff, volunteers, members, guests and supporters. The Credit Union recently celebrated its first AGM and is looking forward to an exciting future.

First AGM for new Premier Credit Union

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Following the successful merger of Thurles and Roscrea Credit Union last summer and the launch of the new Credit Union name and brand before Christmas, the first-ever AGM of Premier Credit Union took place recently.

President, Amanda Ryan in her annual report thanked all the members for supporting the merger and the new name and for all the positive feedback received for the new branding.

She spoke about the importance of scale and how a modern-day credit union needs to manage the many challenges presented to it. Other topics covered by the President included strategic focus, sustainability, and a general overview of the achievements over the past year.

In his annual report, CEO Brian King spoke about the importance of collaboration and growing the product and service offering of Premier Credit Union. The CEO thanked all members for their support and welcomed the 814 new members who decided to join Premier Credit Union in the past year. Looking ahead, the CEO noted that in 2024 Members would see the loan application process greatly enhanced which will mean members will no longer have to visit their bank or download bank statements as part of the loan application process to PCU.

The CEO also updated members on the financial position of the credit union which has seen positive returns from loan interest and investments. Coupled with prudent management of expenditure Premier Credit Union returned a surplus for the year of just over €1m which exceeded expectations. Members also heard that the reserve position of the credit union is strong and compares very favourably with credit unions across the country leaving Premier Credit Union in a strong position as it seeks to build for the future.

Technology will be a huge part of the future and members heard at the AGM that the credit union is exploring options around improving its banking, online and mobile services.

Members will have also heard that the credit union is involved in a national mortgage initiative as it seeks to plot a way into the mortgage market.

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