CEO's AGM Report 2024/25

Welcome to the highlights of Comhar Linn INTO Credit Union’s 2025 AGM

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.

Our CEO Séan Murray proudly reported another year of strong, member-focused growth: total assets reached €307m, the loan book grew 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, reserves strengthened to €44.6m (14.5% ratio), and Comhar Linn maintained one of the sector’s lowest cost-to-income ratios at 56.6%, all while delivering exceptional service (monthly NPS in the 90s) and recertification as one of Ireland’s Top 20 Small Workplaces.

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-wide initiative to finally bring sustainable mortgages to Irish credit unions. 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 teaching community, outstanding team care, and a clear mission to remain educators’ trusted financial partner for generations.