Ballinascreen Credit Union is a local, not for profit financial institution based in Draperstown. Established in 1968, Ballinascreen Credit Union Limited has successfully provided its members with a source of low cost credit and other financial services over the past 50 years.
The Credit Union was first mentioned in late 1967 in Ballinascreen. The Parish Priest at that time, the late Fr. Michael Collins saw Credit Union as fulfilling a social need, and providing credit with dignity, besides other unmeasurable benefits. In January, he called a meeting to form a study group to promote credit union in the parish. Following lengthy discussions and research, a committee was formed to organise a Credit Union. The inaugural meeting was held on February 19th 1968 and was addressed by Mr John Hume, the then President of the Irish League of Credit Unions.
The mission statement of Ballinascreen Credit Union is “to help people by providing them with quality financial services in a friendly, professional manner on a not-for-profit basis, so as to improve their overall wellbeing and that of the whole community”.
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