Join UsWelcome to Croí Laighean Credit Union’s Social Impact Report for the months of January to June of 2023.
The aim of this report is to highlight the key role that Croí Laighean Credit Union plays in the community. From assisting local clubs, to affordable credit, we offer much more than you think!
A quick overview of our work from January to June of 2023:
- 3,322 loans issued
- €23,163,193 borrowed
- €114,709 contributed locally
- 870 new members
- 403 new current accounts
- 60 people employed locally
Access to financial services
- 18,046 Calls answered
- 108,606 Website visits
- 108,424 Counter transactions
- 152 Hours open per week (on average)
Helping our Community
Since January, we have assisted 128 clubs, groups, schools, and organizations with contributions from our community fund, branch fund, and sponsorship fund.
We are proud of our history of empowering local people, and over the years we have funded a huge number of local clubs through these programs. To date, we have contributed over €114,709 locally.
Last year we launched our local AED Campaign with an aim to install 40-50 AED’s in our local community, and to date, we have installed 9 AED’s locally.
Since the launch, we have teamed up with Edenderry CFR, Leixlip CFR, Clane CFR, and Lock 19 CFR and to date, we have installed 9 life saving defibrillators in Leixlip (2), Clane (2), Edenderry (3), Robertstown (1), and Prosperous (1).
Funding Education
We have contributed €18,000 locally as part of our commitment to assisting local students realise their dream of going to college.
The two winners of our Pat Jones bursary were Vivienne Hevey-Rayh from Confey College, and Ryan Ellis from Oaklands College in Edenderry. Shane O’Sullivan from Clane was the recipient of €2,000 Maynooth University Bursary Fund.
- Vivienne Hevey-Rayh from Confey College won €6,000
- Ryan Ellis from Oaklands College won €6,000
- 16 finalists received a €250 prize
- Shane O’Sullivan from Maynooth University won €2,000
Access to affordable credit:
Croí Laighean Credit Union also offers loans to our members that other financial service providers would likely turn away. In many cases, the minimum value for these loans is just €2,000. This means that our members can access low-cost credit and avoid costly credit card interest rates and overdraft fees.
- 782 loans up to €1,000 with a total value of €591,430
- 247 loans up to €1,500 with a total value of €344,473
- 299 loans up to €2,000 with a total value of €589,400
Lower Mortgage Rates
Rising mortgage rates have been a hot topic of discussion in 2023. In response, Croí Laighean Credit Union launched new lower fixed-term mortgage rates at the end of June. These rates start at 3.75% (3.81% APR), offering our members an affordable alternative to the banks and helping to alleviate the stress and uncertainty of rising interest rates.
