St Francis Credit Union was once again delighted to support the local community through its Social & Cultural Fund. Over the past few years, St Francis Credit Union has seen the applications to their funding grow by 50%.
So far, St Francis Credit Union have committed over €60,000 in funding to supporting & promoting local projects such as the Ballyea Development Association where they helped fund the restoration of St John the Baptist Statue at St John Blessed Well.
St Francis Credit Union embarked on this journey with a focus to support non-profit organisations such as the Ballyea Development Association. Each year St Francis Credit Union take in applications from local communities where each application is assessed based on a certain criteria, details which can be found on their website www.stfranciscu.ie
Speaking about the Social & Cultural Fund CEO with St Francis Credit Union Louis Fay said “Our Social & Cultural Fund has become one of the main talking points at the start of each year in the credit union as applications have risen by 50% for funding. We embarked on this journey in 2018 as the ethos of the credit union is all about helping others, and as we are a non-profit organisation felt this was a great way to give back to likeminded groups on behalf of the wonderful membership here at St Francis Credit Union Louis continued: The application process begins each January right through to April with the 2021 applications just completed. The 2022 programme will commence again in January 2022, and we look forward to seeing the level of interest”.
Pictured: Louis Fay CEO St Francis Credit Union with Michael Sheedy & Louise McMahon from Ballyea Development Association.
St Francis Credit Union has been operating in the Clare region for 55 years. The credit union provides valuable savings and loan services to its 36,000 members. St Francis Credit Union has savings of €180 Million with loans issued to the Clare area totalling €55 Million. St Francis Credit Union is regulated by the Central Bank of Ireland.