For people. Not profit.
We envision our members having the opportunity to happily participate in all aspects of life.
Monasterevan Credit Union is a local, not for profit financial institution. We specialise in providing a great place for savings and loans in our community.
Established in 1975, Monasterevan Credit Union is proud of its heritage and continues to be governed by our members and voluntary Board of Directors.
The Credit Union “Mission Statement”
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
Money plays a major role in the operation of a credit union but it is essentially about people .The philosophy behind it tells us that it is an association of persons united by a common bond - a parish, or place of employment who come together to encourage thrift and borrow at reasonable rate of interest.
In the early seventies the need for a Credit Union in Monasterevan was identified by the Community Council and a study group was set up in 1974, Following many months of study on the rules and operation of a Credit Union , a public meeting was held on 19 May, 1975 in the CYMS Hall .This was attended by a cross section of the community and the first Board of Directors was elected. Sean Duffy was elected as Chairman. The common bond was the parish of Monasterevan and surrounding areas in Co Laois.
The first office was in a prefab at St Paul's School, opening from - 7.00pm to 9.00pm on Friday nights. Then it moved into two rooms on Drogheda Street by kind permission of the parish before moving to No.1 Whelan Street which was purchased. The Credit Union grew, servicing the needs of our members, lodging savings and providing loans particularly to those who might not be able to borrow elsewhere. The office was soon outgrown and major renovations were carried out in 1992.
These offices continued to serve with extended opening hours and paid staff. As the population of Monasterevan town increased it was clear that a larger office was needed. The present offices in Whelan Street were opened in November, 2003 by the then EU Commissioner David Byrne, a native of Monasterevan. Monasterevan Credit Union continues to meet the financial needs of our members. As a community organisation, we continue to support local voluntary clubs and organisations.
The ethos of the Credit Union has continued to appeal to many members and this has resulted in many volunteers contributing to the success of our Credit Union since its formation in 1975 to the present day.
We have a new Manager that commenced on the 30 January 2023 - Sindy Farrell contact @ 045 525838