AGM 2010 - Membership commitee report

Annual General Meeting - 10th December, 2010

The primary duty of the membership committee is to ensure that all applications to join

Kanturk Credit Union Limited satisfy the eligibility requirements. Eligibility to join is defined

by our common bond which includes people residing or employed in the parishes of

Kanturk, Lismire, Banteer, Castlemagner, Kilbrin, Dromtarriffe, Freemount and Tullylease.

In addition, family members of an existing Credit Union member who reside with the member

are also accepted as members. All that is required to open an account with Kanturk Credit

Union Limited is an initial lodgement of €6.35. It will be the best investment you will ever make!

We would encourage members to avail of our "new born" accounts scheme. Parents/Guardians

who open an account for their children under the age of 12 months will automatically receive a

lodgement of €25.00 to the child's account as a "thank you" from Kanturk Credit Union Limited.

As a member of Kanturk Credit Union Limited, every member can nominate a person or persons

of their choosing, to be beneficiaries fo their savings in the event of death. If you have recently

married or re-married, or if you have reached the age of 16, we woudl advise you to complete or

update the "nomination form". As the maximum payable under a nomination is €23,000.00, a

nomination can be a very useful way of bequeathing funds to family or friends as desired. Any

member of staff will be happy to answer any queries you may have regarding nominations.

We would also encourage any member who has changed address or telephone numbers to

please notify the Credit Union immediately. Simpluy bring a recent household bill or document

with your new address details, and we will update our records accordingly.

The following table provides a summary of the membership for the year:

Membership of Kanturk Credit Union Limited has many advantages, and I would urge all members

to encourage family, friends and colleagues to join.

Finally, I would like to thak my committee, manager and staff for their help and support

throughout the year. Thank you.

Desmond Daly - Chairman - Membership committee.