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52nd Annual General Meeting

Crossmaglen Credit Union
Crossmaglen Credit Union

52nd Annual General Meeting

Crossmaglen Credit Union
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CROSSMAGLEN CREDIT UNION LIMITED

40 CARDINAL O’FIAICH SQUARE

CROSSMAGLEN, NEWRY, CO DOWN

www.crossmaglencu.com

Notice of 52nd Annual General Meeting

 

Each member is asked to attend our Annual General Meeting (AGM) which will be held in:

Crossmaglen Credit Union, 40 Cardinal O’Fiaich Square

on

Thursday 28th November at 7.30 pm.

Directors Recommendations:

  • That each qualifying member will contribute 75p to the International Development Foundation.
  • To debit members’ shares by £1.00 in respect of Affiliation Fees.
  • That the treasurer’s honorarium be approved at £1000.
  • The social fund be maintained at £6000.
  • A dividend of 1.25% be paid to members.
  • A Loan Interest Rebate of 25% be paid to members.
  • Fitzpatrick and Kearney be retained as auditors for the financial year 2024/2025.

 

Rule 56

There are 3 vacancies to be filled on the Board of Directors. In accordance with Rule 73 of the Standard Rules for
Credit Unions the Nominating Committee have proposed 3 members for election to the Board of Directors.

 

Nominations must be in writing and signed by both the proposer and the seconder. The proposer, seconder and
the nominee must be members of Crossmaglen Credit Union Limited. The nominee who must be full legal age,
must also sign the nomination form as evidence of his/her consent to be nominated. Nomination forms are
available by contacting the credit union on: info@crossmaglencu.com, ringing the office on 028 3086 1176 or by
writing to us at the above address. Completed nomination forms must reach the credit union office at least 3
days before the date of the AGM.

 

Amendments to Standard Rules (NI):

  • The ILCU AGM 2024 took place in April 2024. There were amendments relating to a previous motion
    regarding changes in respect of gender-neutral terms to the Standard Rules for Credit Unions (Northern
    Ireland). The updated standard rules were approved by the FCA as model rules in July 2024
  • That this Annual General Meeting in accordance with Rule 78 agrees to amend Rule 3 of these rules by a
    decrease in the number of directors from: 7 to 5.

View:

Your Statement of account(s) can be retrieved through our online portal
https://secure.crossmaglencu.com

 

Your savings are protected by the Financial Services Compensation Scheme

You can check this protection at any time using the online checker at:
https://www.fscs.org.uk/check/check-your-money-is-protected/ – and further information about the scheme is
available at: https://www.fscs.org.uk/industry-resources/deposit-protection-credit-unions/ our Firm Name or
FRN is: Crossmaglen Credit Union Limited (FRN:573786)

Subject to approval at the Annual General Meeting (AGM), the office will be closed on Friday, 29th November
until 11:00 AM to facilitate the payment of dividends and interest rebates to members’ accounts.

 

We wish to take this opportunity to wish all our members a very Happy Christmas and a prosperous new year in 2025.

 

Yours sincerely

Frances Rushe

Honorary Secretary

Crossmaglen Credit Union Limited is authorised by the Prudential Regulation Authority and regulated by the
Financial Conduct Authority and the Prudential Regulation Authority (FRN 573786).

Est. 1973 – Registration No. NI CU – 88 – Chapter 3