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Tel: +0035318411348 Fax: 018413865 Email: web@progressivecu.ie

24 May 2017
History.

After meetings and discussions of the three Credit Unions over 2012 & 2013, in December of 2013 Skerries and Donabate and District transferred to Balbriggan Credit Union. The new Credit Union was renamed Progressive Credit Union in January 2014. In March of 2014 with the Transfer of Howth-Sutton Credit Union to Progressive Credit Union. March of 2015 and December 2015 seen two further mergers for Progressive Credit Union with The Victory Credit Union in Glasnevin and Rivervalley Swords consecutively.

September 2016 seen further growth for PCU with the transfer of Baldoyle and Portmarnock Credit Union, later in the year with the closure of the Howth-Sutton Branch members can now avail of services in their neighbouring branch. The most recent growth for PCU in February of 2017, was the purchasing of Premises in Rush, co. Dublin.  

Progressive Credit Unions Seventh branch opened in February 2017 offering a range of services to its members available in all branches.

“Together We're Better”

Progressive Credit Union now has seven offices across north Dublin and employs over 50 staff. It is governed by 11 directors and 3 individuals on the Board Oversight Committee. Our Common bond covers the following locations and surrounding areas Baldoyle, Donabate, Glasnevin, Howth-Sutton, Portmarnock, Rush-Lusk, Skerries, Swords Rivervalley, and the greater Balbriggan area including as far as Naul and Stamullen in Co. Meath.

Progressive Balbriggan (Formerly Balbriggan Credit Union)

On 6th July 1967, the inaugural meeting was held in Mrs McKeon’s Hall. Twenty-four members joined on the night and elected the first Board of Directors and Supervisory Committee,
The first real loan granted was to install a back boiler – the first of many Home Improvement loans. For the first Christmas in operation, the Board arranged a loan from St. Mary’s Credit Union in Navan in case they would not have enough savings to cover the anticipated demand for loans. By the time the first A.G.M. was held in February 1968, Balbriggan Credit Union had loaned out £1,212. By the time of the second A.G.M. in February 1969, they had loaned £11,783 . 12 . 09 and were able to give a dividend of 4%.

Eventually, in May 1971, the premises at 27 Drogheda St. was purchased for £3,778.05 and converted for use as an office. This was a considerable achievement at the time and it served the members well for the following nineteen years.

In July 1977, the Credit Union was ten years old and had 1054 members. The total Savings were £147,000 and there was £143,000 out on loan. March 1984 marked another milestone in the Credit Union’s development when the first computer system was inaugurated. This meant that reports could be produced without poring over ledger cards and made the administration much easier. In October of that year, the 2,000th member joined.

In 1987 the Credit Union was twenty years old and had 2,663 members. Savings had reached £1million and there was £890,486 loaned out and was now out growing its offices in Drogheda Street. In 1989 the premises on Dublin Street was purchased and work to convert the house to an office began in august 1990. It opened its doors in December of that year.  In 1992 Balbriggan Credit Union was 25 Years old and had 4200 members.

Due to problems with the building structure on the premises in Dublin Street a complete rebuild was required and carried out during the summer of 1999. The new premises named after one of our founder members Freddie Harper, Harper House as we now know it opened for Business in Oct/ Nov 1999.

 In 2006 due to the growth of the Credit Union it was obvious that further space was required for storage of records and office space and Building work began in Sept 2007 on a new wing to Harper House. The Michael Horan Wing was officially opened for use on the 12th of July 2008.

Progressive Skerries. Formerly (Formerly Skerries Credit Union)

Skerries Credit Union was founded in the early 1970’s. The idea of starting Skerries Credit Union was conceived by a group of approximately ten people. Meetings were held every Friday evening in a room in the ‘Rock a Bill’ Hotel on the south strand (this is now a block of apartments). When it got up and running it moved to an annex in the Technical school in the Convent Lane where it opened for business on a Friday night.

When this location was no longer suitable the credit union moved to an apartment in Leinster House on Dublin Street.  Members converted a room to provide pay-in hatches, which offered a little protection to the people working there.

The next move was to 26 Thomas Hand Street, this was later extended next door into number 27 which was a purpose built facility and its current location. (Paddy Monks)

Progressive Donabate. (Formerly Donabate and District Credit Union.)

Donabate Credit Union was founded in 1968 and has operated from many different locations in its early years.  Its current office in Balisk house opened its doors to the public in December 1995 and was officially opened by President Mary Robinson in January 1996.

Progressive Credit Union Howth-Sutton  (Formerly Howth-Sutton Credit Union)

 

Howth Sutton Credit Union Limited was founded in 1963. It was started in a very small way in the local Parochial Hall. Continued growth and development of led to the opening of our first office in Church Street, Howth.

Directed by a voluntary Board of Directors, elected by the members at the annual general meeting, our credit union offers a wide range of services from our current offices at 1 Main Street, Howth.

Progressive Credit Union Tel: +0035318411348 Fax: 018413865 Email: web@progressivecu.ie Web: http://www.progressivecu.ie
Progressive Credit Union Limited is regulated by the Central Bank of Ireland. Reg. No: 226CU