Cara Credit Union issues over €41 million in loans

Cara Credit Union issued €41.6 million in loans this year.

That’s €89,000 less than the previous year but its loan book grew almost 8% to above €90 million for the first time.

Cara Credit Union has over 44,000 members and has offices in Tralee, Castleisland and Killorglin; its reporting a surplus for the financial year of over €1.6 million.

The credit union’s assets now stand at over €242 million and members’ savings have grown above €200 million.

The branch has described its financial performance as satisfactory given the competitive and challenging market.

Earlier this year, Cara announced details of a new current account and debit card for members.

Cara Credit Union will hold its AGM on December 9th at the Rose Hotel, Tralee.