About

General Information

Located in the main street of Thomastown in the southeast of Ireland, Thomastown Credit Union has been serving the people of the town and surrounding areas since 1969, when it was first opened.

We operate two offices, Market Street, Thomastown and The Old Creamery Yard, Bennettsbridge. Membership currently stands at almost 5,500, with shares exceeding €25 million and loans of €6.5 million. The COMMON BOND includes Thomastown, Inistioge, Dungarvan, Ballyhale, Knocktopher, Stoneyford and Bennettsbridge.

History

The organisation meeting of Thomastown Credit Union was held at Grennan Hall, Marsh's Street, Thomastown on Friday, 10 January, 1969 at 20.00 hrs.

Those present were:

Very Rev. Dr. Michael Carroll, P.P., Parochial HouseMrs. Michael Brennan, Market St.
Mr. and Mrs. Christopher Beck, LadywellMr. and Mrs. Thomas Comber , Chapel Lane
Mrs. John Deloughry, Newtown Tce.Mrs. Joseph Minogue, Newtown Tce.
Mr. Thomas Beck, Newtown Tce.Mrs. Gerard Doyle, Maudlin St.
Mrs. William O'Reilly, Market St.Mr. Joseph O'Reilly, Ladywell
Mr. Joseph Cole, The MallMr. Patrick Skehan, Newtown Tce
Mr. Edward Ryan, FriarshillMr. John Cahalane, Low St.
Mr. Herbert Devoy, Dangan TceMr. Bernard Walsh, Ladywell
Mr. Edward Kennedy, AbbeyviewMr. John Laffan, Low St.
Mr. William Barron, LadywellMr. Robert Power, Grennan View
Messrs. G. Murray and J. Bollard represented St. Canice's Credit Union, Kilkenny, which sponsored Thomastown Credit Union.

Very Rev. Dr. M. Carroll took the chair and reviewed the events which had led to the registration of a Credit Union in Thomastown, paying tribute especially to the services rendered by Mrs. M. Brennan and John Laffan. Emphasising the need for a close study of the rules, he pointed out that a Credit Union is a business and that the members must thoroughly understand the business, if costly mistakes were to be avoided.

He drew attention to the word Credit in the title and hoped that the members would not be unduly bashful in availing of the credit-creating facilities of the union for unless the deposits earned interest, the Credit Union would not fulfil its true function.

He impressed on those present that the Credit Union belonged to all members, present and future and lastly he appealed to the members present to encourage other people to come into the Credit Union, especially young wage earners.

Dr. Carroll then presented a financial statement showing the state of accounts as on 1 January, 1969. Shares and entrance fees amounted to £308 -3- 0, loans outstanding totaled £97 and there were 41 active members.

On the proposition of T. Comber, seconded by Mrs. G. Doyle, the financial report was unanimously adopted. Dr. Carroll explained the election procedure and drew the members' attention to the rules governing the election of directors and members of the Supervisory committee.

As there were no nominations from the floor, Dr. Carroll proposed and Mrs. T . Comber seconded the election of the nominated directors: Dr. M. Carroll, Mrs. M. Brennan, Mrs. G. Doyle, Messrs. W. Barron, C. Beck, T. Comber and E. Ryan.

On the proposition of W. Barron, seconded by T. Comber, it was unanimously resolved that Very Rev. Dr. Carroll, John Cahalane and Edward Kennedy be elected to the Supervisory Committee.

The election of auditor was deferred until more precise information became available as to the qualifications demanded of auditors.

The meeting adjourned at 21.00 hrs.

Signed -Michael Carroll P.P.