Mayo credit union announces move to new premises

Ballina Credit Union has announced it is moving to a new location on Pearse Street later this year following the purchase of the former Ulster Bank building.

The credit union, which now employs 18 people, announced the move from its O'Rahilly Street base as another successful year was reported to members at last week’s annual general meeting, held in Great National Hotel Ballina.

“We can promise our members an experience which they will not receive in any other financial institution as we reiterate our commitment to providing an all-important personalised service,” said Ballina Credit Union chairperson David Dwane.

“We thank our members for their patience as we navigate through the design and build work required to meet our pledge to make the new office as welcoming and effective as possible.”

Mr. Dwane reported to the annual meeting that the growing asset base of Ballina Credit Union has placed the co-op in the top tier in Ireland, in a year which saw a surplus of €1.18 million.

“Our assets continue to rise (€114.3m at year-end), which indicates the level of confidence that our members have in Ballina Credit Union,” he said.

Almost €8.5m in loans was granted to members in the common bond area of Ballina Credit Union, which covers large parts of north Mayo and west Sligo.

Newly-appointed auditors Grant Thornton delivered the end-of-year results for 2025.

At the annual meeting, Margaret Reddington, Declan Naughton, Jacqueline Kinsella and Shane O’Brien were re-elected to the board by members, while Sean McDonnell was re-elected to the board oversight committee.

Mr. Dwane was re-elected as chairperson for another year, Declan Naughton was re-elected vice-chairperson, and Stuart Edmeades is the new secretary of Ballina Credit Union.