Warm tributes to departing Credit Union CEO after 26 years

Warm tributes were paid to CEO Dennis Daly, who stood down from his role following the 59th Annual General meeting of Tullamore Credit Union Ltd, on December 13 last.

The meeting was ‘hybrid’ in nature – members attended in person in the Tullamore Court Hotel, whilst adhering to the required government guidelines and also online, using the Zoom platform.

The continued impact of COVID-19 on the Credit Union and its members was noted by Chairperson Ray Spain. He commented that the offices had remained open throughout the year, and this was a testament to the commitment and care of the staff – whose professionalism was recognised by them scooping two awards in the recent Irish Credit Management Awards.

He acknowledged the work of the volunteer Board of Directors, Board Oversight Committee and other committee members and made a special acknowledgement to the previous volunteers of Kilcormac Credit Union.

Ray advised the AGM that the merger of the two credit unions was completed earlier in the year and reminded members that all services are available to members in the Kilcormac office.

Ray then handed over to Declan McDonnell who went through the financial report. He welcomed the strong growth in loans but also referenced the huge increase in savings, which, due to the low interest rate environment, made trading difficult.

Dennis Daly was next to the podium, where he spoke of the wide range of products and services now available in our credit union and went on to outline plans for the coming year, in particular, the new core banking system. He reminded members that the credit union can now provide for all financial needs of members.

Dennis finished his report by announcing that he would be stepping down as CEO, once the meeting had come to an end and wished his successor well.

Chairperson Ray Spain congratulated Dennis on his 26 year tenure with Tullamore Credit Union and made a presentation to him on behalf of the membership, wishing him good health and happiness in his retirement and called on the new CEO Paul Shaw to say a few words.

In his speech, Paul appealed to members who were considering becoming volunteers to make contact with him or indeed any member of the Board of Directors.