11 November 2025
Another Successful Year for Derry Credit Union Members!
Another Successful Year for Derry Credit Union
The 65th Annual General Meeting of Derry Credit Union – the first and largest credit union in N Ireland - took place Monday night, 10th November, in St Mary’s College, where members attending were presented with the Annual Report and Financial Statements for the year ended 30th September 2025. Highlights noted at the meeting included:
- A surplus of £2,699,686 was achieved from the credit union’s core operations, providing for a dividend of 1.75%, loan interest rebate on eligible loans of 25%, and a return on minors’ deposits of 1.75%;
- An overview of Derry Credit Union’s two shares facilities, ten loan products – including three new loans with maximum borrowing limits of £40,000 – and three insurance covers;
- Dividend Day on Wednesday, 12th November, for the withdrawal of dividend and interest rebate payments only;
- The active role of Derry Credit Union in the sector locally, nationally and internationally; and
- An acknowledgement of the service of recent retirees Michael Gallagher and Mary Tierney, and the positive impact and work of CEO Joan Gallagher who retires this month after 27 years and the work of Education and Training Officer Mary Crumley who also retires this month after 23 years.
- Five members attending the AGM received spot prizes of £50 vouchers for local butchers and the Derry Credit Union Youth Committee conducted the cash prize draw following the close of business at which 26 lucky members shared £3500 in prizes.
If you were unable to attend the AGM, please click below for your copy of the Annual Report and your copy of the Financial Statements for the Year Ended 30th September 2025.
