Local credit unions launch new Agri loan product
Six Credit Unions in the Kerry/Cork region have come together and launched a new Agri Loan product called Cultivate.
The Credit Unions involved are Listowel Credit Union, Killarney Credit Union, and Cara Credit Union in Kerry and Ballincollig Credit Union, Bantry Credit Union and Kanturk Credit Union in Cork.
The new Credit Union farm lending offering is branded under the name “Cultivate” and was officially launched on the 20th March 2019 by IFA National Chairman - Farm Business, Martin Stapleton.
The Credit Union farm lending project is modelled on a pilot initiative by four Credit Unions in County Galway who launched the Cultivate brand in 2017. Since then 20 credit unions throughout Ireland have introduced the Agri loan product to members.
Since its introduction, Cultivate has proved very popular with farmers with nearly €20m in loans issues to farmers. The Cultivate farm loans are for a wide variety of purposes, everything from working capital, cash flow, farm development, livestock purchase, farm machinery purchase, rural enterprise funding, and start up farm finance.
Brendan Heneghan, former Regional Manager with Teagasc, is the project manager of the Cultivate brand stated “We are delighted to officially launch the Cultivate Agri loan products to credit union members in Cork and Kerry area. We have been working hard on this project for the past number of months. Credit Union Agri loan staff have completed a bespoke 5-day course on Farm and Finance organised by Teagasc in association with Pallaskenry Agricultural college. Credit Unions are now open and ready for business” he concluded.
The Cultivate farm loan package will offer loans up to €50,000 for a variety of purposes. The loan rate is a competitive loan rate. The term of the loan can be up to 7 years. Loan protection insurance is also provided on the loan at no additional charge.
Mark Murphy, CEO, Killarney Credit Union stated “We hope that farmers will look to their local credit unions as an alternative for farm finance. After all, credit unions are embedded in their local communities and are in a position to lend to those living or working locally. Our loans are unsecured and we can offer a variety of repayment schedules to suit farmers needs”.
Further information on Cultivate farm loans can be got from any of the Killarney Credit Union branches or on www.cultivate-cu.ie.
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Congratulations to all our competitors who attending the 2019 Schools Quiz in the INEC on Sunday 3rd February. The winners in each category were:
1st – Gaelscoil Faithleann – Liadh Ní Ghiollarnáth, Dara nic Chárthaigh, Clodagh Ní Fhlannchaidh & Liam MacUileagóid
2nd – Lissivigeen NS – Lola Belle O Mahoney, Darragh Moynihan, Sally Cudden & Lily May Kelly O’Shea
3rd – Scoil Bhríde Loreto – Miren O’Connor, Paddy Moore, David Courtney, & Rian McCarthy
4th – St Olivers NS – Gráinne Swords, Conor Regan, Cathal Regan & Benedict Stuikys
(Photo: Michelle Cooper Galvin)
1st – Lissivigeen NS – Aoibhín Kelly, Harry Bolger, Shane O’Sullivan & Donnchadh Daly.
2nd – Firies NS – Méabh Dineen, Orlaith Allen, Jack O’Keeffe & Padraig O Shea
3rd – Scoil Bhríde Loreto – Elizabeth Fleming, Luke Courtney, Craig Leggate, Keela O’Connor
4th - Anabla NS – Oisín Fitzgerald, Dylan Cronin, Anna-Lee Crowley & Cormac Purcell
Photo (Michelle Cooper Galvin)
The INEC was filled to capacity on Sunday 3rd February where 79 primary school teams from all over South Kerry were invited to compete in the annual Killarney Credit Union School Quiz.
Gaelscoil Faithleann emerged victorious in the Under 11 category and Lissivigeen National School came first in the 11-13 age category, their second year in a row to win the coveted title.
This year, 29 primary schools were represented in the quiz from schools all over South Kerry. Killarney Credit Union has been hosting the school quiz for over 20 years.
In the U13 section first place went to Gaelscoil Faithleann represented by Liadh Ní Ghiollarnáth, Dara nic Chárthaigh, Clodagh Ní Fhlannchaidh & Liam MacUileagóid. Second place went to Lissivigeen National School represented by Lola Belle O Mahoney, Darragh Moynihan, Sally Cudden & Lily May Kelly O’Shea. The third place position went to Scoil Bhríde Loreto with team members Miren O’Connor, Paddy Moore, David Courtney, & Rian McCarthy. A fourth place position went to St Olivers National School with Gráinne Swords, Conor Regan, Cathal Regan & Benedict Stuikys.
In the Under 11 category, first place went to Lissivigeen National School represented Aoibhín Kelly, Harry Bolger, Shane O’Sullivan & Donnchadh Daly. Second place went to Firies National School with team members of Méabh Dineen, Orlaith Allen, Jack O’Keeffe & Padraig O Shea. Third place was awarded to Scoil Bhríde Loreto with team members were Elizabeth Fleming, Luke Courtney, Craig Leggate, Keela O’Connor. A fourth place went to Anabla National School represented by Oisín Fitzgerald, Dylan Cronin, Anna-Lee Crowley & Cormac Purcell.
Each participating schools received a gift from Killarney Credit Union and Karena McCarthy, Marketing Officer, Killarney Credit Union stated “We would like thank all those that participated in the quiz this year, for parents, pupils and teachers who attended on the day. Due to the extended number of teams competing this year, we gave a 4th place position to schools. We would also like to acknowledge the staff, management and volunteers who helped out on the day also in correcting, stewarding and adjudication. I would also like to acknowledge the long distances that many schools had to travel on the day and thank them for participating in the quiz she concluded.
Each of the winners received trophies and a perpetual cup will be given to the first placed winning national schools.
The first and second placed winning teams will go on to represent their school in their age category at Chapter 23 Regional Quiz on Sunday 3rd March 2019.