More growth for North Mayo credit union

The growing asset base of Ballina Credit Union has placed the local financial co-op in the top tier of credit unions in Ireland, in a year with a surplus of €1.18m.

This is according to David Dwane, the Chairperson of Ballina Credit Union, who was reporting another successful year to members at last week’s AGM in the Great National Hotel, Ballina.

“Our assets continue to rise (€114.3m at year-end), which indicates the level of confidence that our members have in Ballina Credit Union,” said Mr Dwane. Almost €8.5m in loans was granted to members in the common bond area of Ballina Credit Union, which covers large parts of North Mayo and West Sligo.

Newly-appointed auditors Grant Thornton delivered the end-of-year results for 2025. Ballina Credit Union, which has seen a growth in employment numbers to 18 staff, will move to a new location on Pearse Street later this year following the purchase of the former Ulster Bank building.

“We can promise our members an experience which they will not receive in any other financial institution, as we reiterate our commitment to providing an all-important personalised service. We thank our members for your patience as we navigate through the design and build work required to meet our pledge to make the new office as welcoming and effective as possible,” said Mr Dwane.

Elections at the AGM saw the re-election by members of Margaret Reddington, Declan Naughton, Jacqueline Kinsella and Shane O’Brien to the board, while Sean McDonnell was re-elected to the Board Oversight Committee.

David Dwane was re-elected as Chairperson for another year and Declan Naughton was re-elected Vice-Chairperson. Stuart Edmeades is the new Secretary of Ballina Credit Union.

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