Our Story
The Mission of the Credit Union is to promote the financial well being of its members. To achieve this purpose the Credit Union is committed to providing a broad range of innovative financial products supported by the excellent service of a dedicated, well trained staff.
These programs will be administered in accordance with sound management practices to maintain the financial strength of the Credit union. The Board of Directors, Management and Staff of the Credit Union hereby affirm that the efforts of the Credit Union will be consistently and professionally dedicated to the accomplishment of this mission....
The Credit Union Story
The modern Credit Union movement traces its origins to Germany and to Friedrich Willhelm Raiffeisen, the Mayor of a small town in southern Germany, who in 1849 formed societies, which later evolved in to Credit Unions. The purposes of these Credit Unions were to enable people to help themselves in relieving debt and poverty.
A Credit Union is a democratic, financial co-operative owned and controlled by its own members. Each Credit Union is run only for the benefit of its members, all of whom have something in common - the common bond.
The Credit Union movement was introduced into Ireland in 1958 by Nora Herlihy with the support of a number of other dedicated pioneers.
The first Board Meeting of the B&S Credit Union took place on Monday the 28th July 1969 in the Butt Hall. The following were elected as officers:
- Patrick Hannigan (RIP) Chairman
- Maureen Mc Gilloway(RIP) Vice Chairperson
- Brian Mc Dermott Treasurer
- William Mc Intyre (RIP) Asst. Treasurer
- Michael Mullarkey Secretary
- Phil Roddy Asst. Secretary
The first Credit Committee comprised of Hugh Friel, John Harkin (RIP) & Molly Mc Neill (RIP).
The Minutes of the meeting state that the elected officers thanked those for electing them and expressed dedication to the work of making the Credit Union a success.
The meeting also agreed to have public collections on Saturday nights in the Butt Hall from 7.30 - 9.00 pm commencing on the 9th August.
The work of that first Board has been continued and built on over 5 decades and has created a community financial co-operative which serves over 10,000 members in its common bond. The B&S has seen two changes of currency and premises changes when we moved into our excellent new premises in 1999.
