6th Class pupils in Sunday’s Well Girls’ Primary School were honoured by the school in a very special socially-distanced way recently.

With the support of Gurranabraher Credit Union, the Parents’ Association delivered a very special “Graduation Pack” to all the pupils. which included a framed class photograph and other goodies.

Speaking about this unique Graduation, Liz Horgan, Principal of Sunday’s Well Girls’ National School said:We are so grateful to our wonderful Parents’ Association. Their careful consideration of HSE guidelines resulted in a novel way of recognising the graduation of our fantastic 6th Class pupils. Gurranabraher Credit Union have been a great support to our school over the years, and we thank them for sponsoring this initiative. They have made a very positive contribution to the school and all of our pupils, past and present.”

Philip Hosford, CEO of Gurranabraher Credit Union said: “We are delighted that we can help recognise this important event. Working in the community as we do, we have a very close relationship with the schools and pupils and we know that the role we take in marking these events has a benefit for our local community.”

Gurranabraher Credit Union Ltd

Background

Gurranabraher Credit Union was founded in 1963 in the basement of the Church of the Ascension Gurranabraher. From small beginnings Gurranabraher Credit Union has grown to a current membership of 15,000 members.  

Financial 

Gurranabraher Credit Union has grown over the years to an asset size of €97 million in September 2017. Over the 10 years since 2008 Gurranabraher has generated a surplus of over €16 million, and Gurranabraher Credit Union has distributed just over €10 million of this surplus back to the members in this period in the form of dividends and interest rebates.

Gurranabraher Credit Union also has a very strong capital base. Gurranabraher Credit Union maintains the required 10% regulatory reserve, and in addition has prudently accumulated an additional €8 million, or over 8%, in additional reserves. Gurranabraher Credit Union now has a very strong overall capital level of 18.27 % in total reserves, with a value of €17.75 million.

Operational

Gurranabraher Credit Union operates from two modern premises on Bakers Road in Gurranabraher and Harbour View Road in Knocknaheeny. In addition, members can access their accounts 24/7 via our internet banking facilities and on their smart phones. All member accounts at Gurranabraher Credit Union are IBAN enabled which allows members to utilise extensive electronic payment services such as receiving wages and state payments and making electronic payments. Members can access their accounts and transact online at www.gcul.ie

Community Support

Gurranabraher Credit Union operates an extensive community sponsorship programme which provides support to many local clubs, societies, individuals and schools in the local community. Gurranabraher Credit Union has provided €0.5 million in sponsorship support to the local community in the last 10 years. Gurranabraher Credit Union is very proud of the role it plays in supporting the local community and sees this programme as an integral part of the Credit Unions role in the local community.


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