CEO's AGM Report 2024/25

Comhar Linn INTO Credit Union’s 2025 AGM Highlights: Third Consecutive Year of Dividend Announced

This is our first-ever hybrid Annual General Meeting, giving our members the choice to join either in person at the Gresham Hotel, Dublin, or online from anywhere.

In a highlight for members, CEO Séan Murray proudly announced a 0.80% dividend on shares, rewarding savers with a consistent return amid another year of strong, member-focused performance.

Key financial highlights shared by the CEO included: total assets reaching €307m, the loan book growing 10% to €124m, with €55.6m in new loans issued and a remarkable 99.9% approval rate. A €4.5m surplus was achieved on €10.3m income and Comhar Linn's reserves strengthened to €44.6m (14.5% ratio).

These results underpinned the ability to deliver exceptional service (monthly NPS in the 90s), recertification as a Great Place to Work, and the sustained 0.80% dividend pay out.

Other highlights included welcoming 1,541 new members (over half under 30), removing debit interest on Budget Accounts, fixing online banking during payroll posting, and leading a sector wider initiative for shaping the Corporate Credit Union, which will enhance the sector’s ability for better assets & liabilities management (ALM) including supporting a safe delivery of mortgages

With savings at €254m and a heartfelt promise that we are “Financial Support That Grows with You,” Comhar Linn celebrated its deep roots in the primary teaching community, outstanding team care, and a clear mission to remain educators’ trusted financial partner for generations.

You can view a recording of the CEO's report in the video above.