North Midlands Credit Union generated surplus of €8.3 million after bumper year

The North Midlands Credit Union Annual General Meeting is scheduled for December 10, 2025, at 7pm. Pre-registration is required.

The meeting will be held virtually as this is considered more convenient and accessible to all members throughout our extended common bond.

Registration for participation will close on Sunday, December 7 at 11.00pm.

Membership of the Credit Union continues to expand and stood at almost 70,200 members at the end of September.

This includes over 4,000 members who joined through the Transfer of Engagements of North Longford and Arva Credit Union.

In June 2025, North Longford and Arva Credit Union joined North Midlands Credit Union under a Transfer of Engagements.

During the year there was extensive refurbishment of the Lanesboro Ballyleague branch office.

This work, which is nearing completion, is intended to provide enhanced facilities for staff and members.

It is also a sign of Credit Union's commitment to the local community and the intention to continue to provide personal service to members in a modern office environment.

They intend to renovate the Longford branch office in the coming year. Credit Union is aware that members value the personal service offered by staff throughout the branch network and it is their intention to continue to provide the necessary staffing and resources in this area of the business.

The Lanesboro Ballyleague branch renovations include the installation of solar panels to provide renewable energy, this initiative is aligned to the objective to become a more sustainable business.

Where possible Credit Union intends to install solar power in all branches over the next few years.

Their move to digital distribution of their statutory reports and notices to members is another example of progress in this area and this has already generated significant financial saving and reduced paper usage.

North Midlands Credit Union generated surplus of €8.3 million after an encouraging year.

Current CEO, Tom Allen, will be retiring at the end of 2025 after a long and distinguished career with the Credit Union.

Derek Smith will take over as new CEO at the beginning of 2026. Derek has been with the Credit Union for over 25 years and is the current Assistant Manager.

Chairperson, Conor Isdell, has completed his tenure and is stepping down from the position. He will be replaced by Eugene Dunne.

Please visit https://www.northmidlandscu.ie/ membership/ general-meetings/ and complete the form to register for participation (your account number, account name, date of birth and a valid personal email address will be required for reference and validation purposes).

READ NEXT: The hazard lights won't save you! Longford Gardaí catch another 'ditch-and-dash' motorist

READ NEXT: Bringing back Irish culture: Longford’s first Pop Up Gaeltacht