SandyMountCu.ie
Title
Sandymount Credit Union
Description
About Us
Sandymount Credit Union opened for business on December 7, 1961 with an initial membership of 15 and share capital of £15 (€19.05). Membership has grown steadily since, with membership now standing at 4,500 and share capital of €12 Million. The first loan in 1961 was one of £5 (€6.35) whereas members' loans now stand at €7 Million.
The Board of Directors, comprising 11, set down policy on behalf of the members on the operation of the Credit Union. The day to day operation is carried out by the Manager and staff of 3 (2 full-time and 1 part-time) with the support of 1 voluntary worker.
The Supervisory Committee, comprising 3, oversee the work of the Board and staff and ensure that they are operating within the rules and Credit Union Act, 1997. They send random letters to members requesting them to verify that the balances on our computer are in agreement with their own records and also carry out audit checks as laid down by ILCU guidelines.
