CU ONLINE - MEMBERS AREA 

DOWNPATRIK CREDIT UNION'S HISTORY 

Downpatrick Credit Union is a success story built on thrift and community, and after almost 5 decades of helping the people of Downpatrick and the surrounding area, the Credit Union is now confidently looking forward to the future. Our current membership is approximately 8,900. 
 
Downpatrick Credit Union Limited has the strength, in lending terms, to provide the perfect level of help for people seeking low cost financial support. 
 
It has taught people how to manage their money in a sensible fashion, with a philosophy based on a solid cornerstone of mutual support. People, not profit, always have and always will come first with Downpatrick Credit Union Ltd. 

MICHAEL SCALLON 

Monaghan man Michael Scallon, after living in America for a number of years, moved back to Ireland and set up home in Downpatrick. A keen enthusiast of the Credit Union movement, he made enquiries and found there was no such group in the town. He decided to change this and began by speaking to various members of the community and informing them of the benefits of a credit union. 
 
A few study groups were held in his own home and after several meetings, a public meeting was called on 12th March 1969 in Rea’s Hotel. Following the meeting, premises were found in Market Street above Magorrians Jewellers and within one month, fifty-four members had joined. 
 
Michael was relentless in his efforts to spread the credit union message and continued to visit numerous people whom he feared were going into serious debt by giving large amounts of money to money lenders. He encouraged them to join the Credit Union and from this beginning we have what you see today. 
 
 
The 2nd premises of Downpatrick Credit Union was opened in May 1970 at 30 Irish Street. The third was opened in February 1972 at 11 English Street, and refurbished in December 1994. The Credit Union moved to their current premises at 68-70 Market Street on 9th May 2002, and the building was officially opened on the 19th October 2002. 

The first Board of Directors and Supervisors 1969-1970 

President – Peter Grainger 
 
Treasurer – Jim Cahalane 
 
Secretary – Michael Scallon 
Margaret Goodfellow 
 
Vera Smyth 
 
Frank Turley 
George Walls 
 
Michael Feenan 
 
Pat Kinsella 
Dermot McNabb 
 
Desmond McNeill 
 
Jill Sampson 
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