Top Mayo credit union reports €2.35m. surplus as loans rise to €25.9m.

Mayo's First Choice Credit Union has announced continued growth over the past year and expressed confidence in achieving further expansion in 2026.

In publishing its year-of-end results, the organisation reported a strong surplus of more than €2.35 million and confirmed that €25.9 million in loans had been issued to the local community, driving overall lending growth of 8.8% on the previous year.

Membership has now surpassed 41,000 and, with assets exceeding €278 million, First Choice Credit Union is preparing to further enhance its services in 2026 and meet the evolving needs of its growing membership in the years ahead.

Anne King, chief executive office, stated: "Our annual general meeting highlighted another year of strong performance and meaningful progress.

"Our members’ continued confidence has allowed us to invest in better technology, additional services, and a stronger financial foundation.

“As a cooperative, everything we achieve is built on members' trust and participation. We remain firmly committed to delivering accessible, people-first financial services that strengthen our communities and support members at every stage of their financial journey.”

The board of directors also announced a dividend of 0.125% and a 12.5% Rebate on Personal Standard Rate Loans, returning over €355,000 directly to members.

Combined with the First Choice Credit Union Community Fund, local sponsorships and donations, and the Brendan Hopkins Bursaries, total support to members and the wider community exceeded €533,000 for the year.

In terms of elections, Maura McGuinness and Michael Howley were re-elected to the board of directors. Aidan Staunton and Kevin Dunleavy were elected to the Board Oversight Committee, and Grant Thornton was appointed as Auditor for the coming year.

Welcoming the elected directors, committee members and auditor, chairperson Joe Butler said: "The calibre and experience of each individual will be invaluable as we look ahead to future developments. I congratulate Grant Thornton on their appointment as auditor.”

Joe continued: “We take this opportunity to thank all of our members for their loyalty throughout the year. We truly value your support, and with your continued commitment, we will keep making a positive impact in our community.”