First AGM for Premier Credit Union since Roscrea and Thurles merger

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.

The President 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.

CEO, Brian king in his annual report 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 €1-million, 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 it’s 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.

Like the President, the CEO also spoke about sustainability and reducing the carbon footprint of the Credit Union. A strategic plan will be developed to focus specially on reducing the carbon footprint of the credit union across it’s branch network.

The rest of the AGM focused on the additional annual reports and the elections for positions on the Board and the Board Oversight Committee.

In their concluding remarks, the President and CEO asked members in attendance to help spread the word to their friends and family that Premier Credit Union has a great range of products and services, wants to invest more in local communities, and needs their support.