Good year for Credit Union

Savers young and old were a big reason Falkirk District Credit Union enjoyed a good year.

By The Newsroom
Monday, 13th March 2017, 5:21 pm
Updated Friday, 24th March 2017, 11:02 am

Chairman David Eadie presented the credit union’s annual report of the board of directors, including Lynne Belton, Margaret Millar, Robert Philip and Christian Pason, at the organisation’s annual general meeting.

There has been a steady increase in membership, with 435 new people joining throughout the year – including 190 junior savers.

Thanks to the granting of £20,000 from the Scottish Government, the credit union has been able to appoint a part-time development worker to help it promote its services within primary schools throughout the area.

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Accounts for the year ending September 30, 2016, showed a surplus for the year of £18,725 and, when added to previous surpluses, it boosted retained earnings up to £77,516.

It was also noted that the credit union’s junior savers’ shares had risen from £53,721 to £68,552 over the period.