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54th Annual General Meeting

Crossmaglen Credit Union
Crossmaglen Credit Union

54th Annual General Meeting

Crossmaglen Credit Union
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Each member is invited to attend our Annual General Meeting (AGM) which will be held in: Crossmaglen Credit Union, 40 Cardinal O’Fiaich Square on Thursday 26th November at 7.30 pm.

 

Directors Recommendations:

  • That each qualifying member contributes 75p to the International Development Foundation.
  • That £1.00 be debited from members’ shares in respect of affiliation fees.
  • That the Community Development Fund be set at £10,000.
  • That a dividend of 1.25% be paid to members.
  • That a Loan Interest Rebate of 25% be paid to members.
  • That Fitzpatrick and Kearney be retained as auditors for the financial year 2026/2027.

 

Amendments to Standard Rules (NI)

  • The ILCU AGM 2026 took place on Saturday 23rd May 2026. There were no amendments to the Standard Rules for Credit Unions (NI) arising from that meeting.
  • Rule 3
    “The board of directors of the credit union shall consist of an odd number of members, no fewer than five nor more than 15, all of whom shall be of full age. The number of directors may be changed as provided for in Rule 78.” It is proposed that this AGM agrees to increase the number of directors from five to seven.

 

Rule 50 – Re-election of Directors

 

One Director is eligible for re-election to the Board of Directors.

 

Rule 56 – Board Vacancies and Nominations

 

There are three vacancies to be filled on the Board of Directors.

 

In accordance with Rule 73, the Nominating Committee has received nominations in advance of the AGM to allow sufficient time for any requirements under the Accountability Regime and other applicable regulatory obligations to be met before candidates are nominated for appointment.

 

Nominations must be made in writing and signed by a proposer and seconder, both of whom must be members of Crossmaglen Credit Union, and by the nominee to confirm their consent. Nominations must be delivered by hand or post to the registered office of Crossmaglen Credit Union at least three days before the AGM. All nominees must be members of Crossmaglen Credit Union and of full legal age.

 

To view:

 

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 and FRN is: Crossmaglen Credit Union Limited (FRN:573786)

 

Subject to approval at the Annual General Meeting, the office will be closed on Friday, 27th November until 11:00 AM to facilitate the payment of dividends and interest rebates to members’ accounts.

To help reduce our environmental impact and streamline communications, we would appreciate it if you could provide us with your email address for future correspondence.

We wish to take this opportunity to wish all our members a very Happy Christmas and a happy and prosperous new year in 2027.

 

Yours sincerely,

Frances Rushe

Honorary Secretary