St Ailbes Credit Union 2.93

In the late 1970’s Interest rates had reached an all time high,making it impossible for the working person to borrow money.As a result of this economic situation, in January 1980 a study group was set up in Caherconlish to examine the feasibility of setting up a Credit Union in the area.This group’s first meeting took place in the balcony of the Parish Church.This idea was the brainchild of the late Brendan Crehan,R.I.P of Ballybricken.

This group needed help and advice on their undertaking and the study group was greatly assisted by

Matt Heffernan, field Officer of the Irish League of Credit Unions who instructed the group over a twenty five week period

In december 1980 the Credit Union was formally inaugurated.Its common bond are the parishes of Caherconlish,Caherline,Murroe,Boher,Ballybricken,Fedamore,Knockea,Bohermore,

Dromkeen,Kilteely,Herbertstown,Hospital,Cappamore,Nicker,Templebraden and Doon.

The name of St Ailbes Credit Union was adopted as St Ailbe is the patron Saint of the Diocese of Cashel and Emly.