Dungannon Credit Union

Dungannon Credit Union was founded in 1964. Initial steps for starting the CU in Dungannon were made by Rev Francis Mac Larnon then Principal of St Patrick’s Secondary School.

Dungannon Credit Union

He was aware that many of the people in the area were experiencing financial hardship

The first committee: Rev F.McLarnon D.D (President), Patricia McCluskey , Michael McGrath (Treasurer), Dermot Fox (Secretary), James Kelly, Patrick Fox, Harry McGuuigan, Thomas McCall, Patrick McCooey, Donagh Begley.

First Supervisors: Kathleen O’Brien, Patrick Keenan, Peter Wright

First meetings in St Patrick’s Hall; then premises rented in Anne St.

1965 Premises rented in Irish Street.

1966 Michael McGrath attended the first seminar run by the CU for directors. 5days in Gormanstown Co Meath. John Hume was National President at the time.

1970 Purchased their own premises in Irish Street for £12,000.

1994 Opened the present office in William Street.

The Credit Union has its own modern well-equipped premises in William Street with over 8,000 members, over £15.9 million in savings and over £5.9 million out in loans. Minors (under sixteen years of age) have almost £800,000 in savings.

In forty years members have borrowed and repaid over £40 million. Members have received almost £2.5 million in dividends. Members have received over £0.5 million in interest rebate (only started in 1999).

MembershipSavingsLoans IssuedNet Assets
1964£1,824£1,776
1974£129,823£119,684£136,782
19841302£506,401£424,050£568,543
19942505£1,993,115£1,904,607£2,499,648
2005+Over 6000Over £10 millionOver £7 millionOver £11 million

Want to find out more?

Visit the Dungannon Credit Union website, or get in touch with their team:

Telephone – 028 8772 3729

Email – info@dungannoncu.com


Copyright British Credit Union Historical Society 2018 – All rights reserved

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