Proposed Transfer of Engagements
Proposed Special Resolution for Consideration Proposed Member Special Resolution regarding Baltinglass Credit Union Limited The Board of Baltinglass Credit Union Limited are pleased to present the following Special Resolution to the members for consideration at the Annual General Meeting to be held on 29 th January 2025. Transfer of Engagements from Baltinglass Credit Union Limited This Annual General Meeting of Baltinglass Credit Union Limited hereby resolves to undertake the Transfer of Engagements from Baltinglass Credit Union Limited to Altura Credit Union Limited in accordance with the relevant provisions of the Credit Union Act 1997 (as amended). Bernie Quinn Secretary, Baltinglass Credit Union Limited Statement under Section 130 of the Credit Union Act 1997 (as amended In accordance with Section 130 of the Credit Union Act, 1997 (as amended) the following matters require to be stated a) The financial position of Altura Credit Union Limited and Baltinglass Credit Union Limited is set out in the form of the Unaudited Financial Statements of each Credit Union as at 31 st October 2024 and the Audited Financial Statements as at 30 th September 2024. b) No payment to the members of Altura Credit Union Limited or the members of Baltinglass Credit Union Limited is proposed in connection with the Transfer of Engagements. c) Members with loans in Baltinglass Credit Union Limited will transfer to Altura Credit Union Limited at that rate. New loans will then be at the Altura Credit Union Limited prevailing loan rates. d) The staff of Baltinglass Credit Union Limited and Altura Credit Union Limited have been consulted regarding the Transfer of Engagements with no issues arising.
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