Members approve multi-million bonus for Tipperary at Annual General Meeting
€2.3 million going back to the community ahead of festive season
More than €2.3 million will be returned to the local community this December, providing a welcome boost to the local economy during the Christmas season.
At its AGM in Hotel Minella on November 27, Clonmel Credit Union members approved a board proposal for a 20% interest rebate and a 0.4% dividend on savings for the 2025 financial year (subject to DIRT).
The rebate and dividend will be lodged into the relevant members’ accounts on December 10, for many a timely and welcome bonus ahead of the festive season.
Eamonn O’Mara said: “This is a welcome bonus for families and local people preparing for Christmas and planning for the year ahead. With rising living costs, we know this support makes a real difference. Every euro spent locally creates a ripple effect right across the community. That’s why Clonmel Credit Union is here, to support local families and the local economy.”
The theme of this year’s AGM was all about supporting community, including families, enterprise and sustainability.
Members were presented with highlights from 2024/25, including the launch of Green Energy Loans, the expansion of the Secondary School Bursary scheme, the launch of the TY Horizon Programme and the approval of 86 local mortgages.
The organisation shared a series of videos showcasing its community support, featuring The Dylan Quirke Foundation, Tipperary Hospice, and the local Rugby and Football Clubs, and corporate members Marhill Farm and Paul Farrell Machinery as part of the event.
Clonmel Credit Union, CEO Pádraig Enright, noted: “Clonmel Credit Union exists to enhance the social and economic life of the communities we serve. Our ‘Goals that Give’ fundraiser, run in partnership with Clonmel Rugby Club and Clonmel Town FC, is a great example. With strong community backing, we raised €3,000 for South Tipperary Hospice.
"Every decision we make is rooted in the belief that strong communities are built through practical support and meaningful partnerships. Whether it’s helping a family secure their first home or backing local clubs and voluntary groups. We see the real-world difference our members’ community bank makes every day. That drives us to keep expanding the services we offer and to reinvest in South Tipp year after year.”
Board Member Kathleen Halpin stepped down from her role as a director of the Board, and Sinéad Fahy was elected as a new director.
The credit union paid special homage to Kathleen Halpin for ‘a lifetime of volunteering’.
She had been volunteering with Clonmel Credit Union for over 50 years and was honoured at a special Mayoral reception earlier this year.
She will stay on as a volunteer, serving on the Credit Union Community Development committee.