AGM 2010 - Supervisors report

Annual General Meeting - 10th December, 2010.

The board of Supervisors work independently of the Board of Directors of the Credit Union. We attend

the monthly meetings and some of the various sub committee meetings, and generally oversee the

performance and functions of the Board. We act on behalf of you, the members, and in doing so

check various items at random. We also carry out surveys of members balances to verify that they

are correct and in accordance with the member themselves.

We are happy to report that the business of the Credit Union is dealt with in a professional manner.

At all times the interests of the members are paramount and decisions are made with the greatest concern

for you. It has been a difficult year for everybody but the enthusiasm of the board has not waned. They are

always willing to volunteer their time and have always displayed a professional and genuine interest in the

business of the Credit Union.

I want to thank the Board of Directors for their co-operation at all times. Also, the Manager and staff who

have been so courteous and kind. We have as Supervisors always enjoyed a strong and good working

relationship with everybody in the Credit Union and we are happy that everything is working in the

greatest interest of the members and Kanturk Credit Union.

I would like alwo to thank my fellow Supervisors for their hard work and co-operation during this year, and

for making themselves available - sometimes at short notice. It is important to understand that Board

members are volunteers and give of their time with a generousity that is unparalleled. Without this

co-operation and commitment, the Credit Union would not function - particularly this year when the affairs

of the Credit Union have been guided through a most difficult time.

The Manager and staff are acutely aware of the needs and concerns fo the business and the members. All

this, combined with the workings of the Board, leaves Kanturk Credit Union on a firm and solid footing for

the future. Thank you.

Billy Murphy - Chairman - Supervisory committee.

Kanturk Credit Union Limited