British Credit Union Historical Society

Cookstown Credit Union Limited

After a meeting in 12 March 1965 in the townhall, Cookstown Credit Union came to life. The first collection came to £26. The first premises were a room at a property on William St offered by a Mr A. Eastwood. Opening times then were Fridays 5 till 7pm as membership increased the time was extended to 9pm. One year on and the loan book was heading over £2500. 1969 was when it was decided to purchase premises on Molesworth Street and the first meeting was held in August 1970 in the future permanent credit union home.

After 21 years the membership was over 10 thousand, Shares had reached over £400K and loans issued to the value of over £300K. The office opened except Wednesdays and Sundays. Members continue the opportunity to save and borrow with savings accounts and affordable loans and with the introduced in 2018 the online Banking App for Apple and Andriod phones has enhanced members experience. The credit union continues over many years to take part in the annual art competition. Visiting primary and secondary schools within the common bond giving information about the competition.

https://www.cookstowncu.com E-Mail info@cookstowncu.com