Gort Credit Union Ltd “Mission Statement”
We are a community-based Credit Union with our members needs foremost in our decision making. Our aim is to deliver a friendly, efficient, and quality service to our members at all times.
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 into Credit Unions. The purposes of these Credit Unions was 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 to benefit its members, all of whom have something in common - the common bond.
The Credit Union movement was introduced into Ireland in 1958 by NoraHerilhy with the support of a number of other dedicated pioneers.
History of Gort Credit Union Ltd
On the 12th July 1965, a Credit Union Study Group held a meeting. Those in attendance were: J.J. Coen, P.G. Heenan, J. McInerney, J. McNeill, J. Kelly, S. Gleeson, P. Niland, Ed Casey, G. O'Donnell, E. O'Donnell, M. Cunningham and S. Conway.
Three people, namely P.G. Heenan, J. McInerney and S. Conway had visited and observed the actual working procedure of St. Anthony's Credit Union, Galway and it was decided to form a temporary working committee which consisted of the following:
President: Michael Cunningham
Vice President: Edward Casey
Treasurer: P.G. Heenan
Assistant Treasurers: G. O'Donnell and T.F. Clabby
Honorary Secretary: S. Conway
Credit Committee: J. McInerney, S.Gleeson and T. F. Clabby
It was to be known as Naomh Colman's Credit Union and Rev. Archdeacon Hynes gave his formal approval and his blessing to the project.
At a meeting on the 19th of July 1965, it was proposed to commence actual operations and 15 members present at this meeting submitted their application for membership. J. McInerney offered his premises at Church Street, Gort for a period of 6 months and it was decided to start operation from there as and from Sunday 26th July 1965.
Gort Credit Union Ltd was Born!!
Our first loan was given out on 16th August 1965 in the amount of £5 for the purpose of insurance.
There were a lot of milestones down through the years such as:
In 1970-71 our first new premises was built through voluntary labour at Station Road, Gort. A list of all those involved still hangs proudly in our Board Room.
On the 14th August 1971, Seamus Conway proposed that the name of Naomh Colman's Credit Union be changed to Gort Credit Union with its new address at Station Road. This was seconded by Fr. Carroll and was passed by a majority of 7/8 of the members present and was duly signed by Michael Walsh, S. Conway, Anne Shinnors and Andrew Forde.
We reached our 1,000th member on the 16th February 1990, namely Mary Cunningham of Derrybrien.
In 1990 we introduced computers to the Credit Union which has to be a major milestone in the progress of our Credit Union.
On the 2nd of August 1990, we celebrated our 25th Anniversary at Station Road, with a great party organised that night for all our members even though we were open for business. All had a great night.
In May of 1995, two of our Board members, Bernie Costello and Tomas Quigley met with Michael Burke of Moy, Kinvara with a view of purchasing premises he owned on Bridge Street. The contracts were signed on the 15th of August 1995 - we were on the move!
The building was officially opened by Paddy O'Donnell, representative of the Irish League of Credit Unions at the time and now on the Board of Directors of Mervue Credit Union, on the 15th of February 1998. Since moving to our new premises, the Credit Union has gone from strength to strength and continues to grow each day.
We celebrated our 40th Anniversary in the Lady Gregory Hotel, Gort on the 25th August 2005 which was attended by past and present members of the Board & Committees down through the 40 years.
On the 26th July 2015, we were delighted to celebrate our 50th Anniversary. As part of the celebrations, the Credit Union gifted two hand carved stone seats to the town of Gort and the seats are located outside the Courthouse.
We continue to be an integral part of the local community and look forward to many more successful years.