Digital AGM And Annual Reports Booklet

CAR DRAW ACCOUNT

Altura Credit Union Limited Car Draw Account for the year ended 30 September 2024 (not forming part of the statutory audited Financial Statements)

2024 €

Opening balance 1 October 2023 Draw subscriptions received

79,815 241,705 (240,450)

Car prizes won (9)

81,070

Closing balance 30 September 2024

Following Central Bank guidelines, the credit union plans to reduce the balance on the car draw account to as close to nil as possible after the bumper Christmas car draw each December. Membership of the car draw scheme and the awarding of prizes are both subject to the Rules of the car draw scheme, a copy of which is available on request.

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