Sunday, February 18th.1968 was the historic day at the T.C.L.S. Building in Day Place beside the Dominican church in Tralee.
A Study Group
Rev. C.D. O’Riordan, Prior, Holy Cross instigated the formation of a study group to examine the concept, formation and running of a credit union for the town and district.
Members of the study group were: Denis Foley, Sean Moriarty, Tommy Quinlan, Paddy Dillane, Geoffrey O’Donoghue, Rev C.D. O’Riordan, Lauri Healy, John Malone, John Ryan and Tony Meade.
Credit Union Ethos and Values
They set up the credit union to give everyone throughout Tralee access to credit. They had studied the concept of the credit union ethos and values.
They looked at how members savings form a common pool of funds that allowed members to borrow.
£50 From Their Own Pockets
In 1968, these ten men pooled together £50 of their own money which was used as the starting capital needed to form the credit union and so Tralee Credit Union was established.
Over the years their common bond expanded to Castleisland and Killorglin and today with over 43,000 members it serves its members well with three offices in Tralee, Castleisland and Killorglin. Today Tralee Credit Union has over €220 million in assets and over €185 million in members savings.
Reflection on Anniversary
“As we approach our 50th anniversary we reflect on our heritage, our success and our achievements,” said Pa Laide, CEO Tralee Credit Union.
“Together with our members, our board, our management and staff we have worked hard in making Tralee Credit Union the fifth largest community-based credit union in the country.
12 Noon Mass Dedicated
“To mark this special milestone, St. John’s Church in Tralee will kindly dedicate their 12-noon mass to Tralee Credit Union.
“We would like to extend an open invitation to all our members to this mass. Without the support of our loyal members, our board of directors and volunteers and staff throughout the years, we would not be in a position to serve our local communities and therefore this mass is a celebration of our success,” said Mr. Laide.
Open to Everyone
Membership of Tralee Credit Union is voluntary and open to everyone who lives and works within Tralee, Castleisland and the Killorglin areas.
For further information on the services available call in to Tralee Credit Union in Tralee, Castleisland and Killorglin or visit their at: http:/website www.traleecu.ie
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