11 December 2024
€2.4 Million giving back to Members in 2024
2024 has been a very successful year for our Credit Union, and we are thrilled to deliver positive outcomes for our members. This year we are in a strong position to give our Members a Savings and Borrowers Dividends. These Dividends were approved at our Annual General Meeting on December 5th, 2024 by our Board of Directors.
We paid a total of €2.4M to members through a Savings Dividend of 0.80% and an Borrowers Dividends of 7.5% in 2024.
What is a Savings Dividend?
This is an interest rate which is applied to your average savings (shares) - each share saved is eligible for a dividend at the end of the year.
What is a Borrowers Dividend?
This means that members get a refund of some of the loan interest which they paid during the year.
At Comhar Linn, it brings us great pleasure to share this moment with our Members. Our growth is driven by our commitment to our members' needs, and we are proud to give back whenever possible.
Our Members continued trust and support means so much to us. Our aim is to continue to grow our Credit Union for future generations and we look forward to the continued support. Let’s hope 2025 brings many more shared achievements!