Mullingar Credit Union was founded in 1962 under the leadership of Father Finian O’Connor. From small beginnings it has grown to a position where it now plays a major role in the economic and social life of the town and the many villages and local communities that make up it’s common bond.
Mullingar is the second largest community based credit union in the country and delivers services via its Mullingar, Rochfortbridge, Kinnegad Castlepollard and Longford branches.
Mullingar is a community based credit union. It is managed on behalf of the members by an elected Board of Directors of which there are eleven members. The board delegates various responsibilities to committees, while the day to day business administration is left in the hands of full time professional Management and Staff. A Board Oversight Committee, directly elected by members, oversees the way that the Credit Union Directors perform their various duties and functions.
Our most recent financial statements for the year ended September 2018 show membership of 39,000, assets of €243 million, loans outstanding to members of €63 million and investments of €171.3 million. Loans approved during that financial year were over €19 million. During that year we contributed €100,000 to voluntary groups and organisations working within our Community.
At Mullingar Credit Union we pride ourselves on excellent service to our members. We endeavour to cater for the individual needs of each of our members and we aim to offer our members the best value in loans, return on savings and other services.
Mullingar Credit Union contributes to the work of the World Council of Credit Unions through its Supporter Program, helping credit unions in the developing world to improve the quality of life of their members and the communities in which they operate.