Sligo Credit Union Issues €500,000 Community Loan to Summerhill College

Sligo Credit Union issues a €500,000 Community Loan to the College of the Immaculate Conception, Summerhill. The loan will fund the construction of one All-Weather pitch to the back of the existing school and adjacent to the Department of Social Protection Offices on Circular Road.

Shona Heffernan, Sligo Credit Union's Chairperson, said: “Sligo Credit Union is delighted to support and fund one of Summerhill Colleges' objectives as set out in their strategic plan, Realising Our Potential. Sligo Credit Union, as a member-owned and community-based financial institution, is ideally positioned to support our local community and play an enhanced role in providing a wider range of services and supports.”

Realising Our Potential promises to improve the infrastructure, facilities, and programmes offered to enhance the teaching and learning at Summerhill College. In line with this, Sligo Credit Union’s Community Loan offers local community groups, organisations, and charities the opportunity to access capital to help make their vision a reality.

Ms. Heffernan continues: “We are here to help our members and to emphasise that Sligo Credit Union is lending while continuing to offer exceptional member experience. Testament to this is when credit unions were voted the most reputable organisation in the Ireland RepTrak® 2023 study on the 10th of May 2023. Furthermore, we offer fair and affordable loans - the interest rate for a Community Loan is 5% (5.12% APR), and for Community Loans over €50,000, groups can avail of a discounted rate of 4.5% (4.59% APR).”

Paul Keogh, Principal of Summerhill College, highlights: “By choosing Sligo Credit Union to fund one of the school's All-Weather pitches, Summerhill College is committed to staying true to our local roots, which we have been part of since 1892. Thank you to all involved in developing our Strategic Plan. I am confident that Realising Our Potential will serve as a catalyst for further growth and enhancement of the College as a centre of excellence.”

Contact Sligo Credit Union today about a Community Loan. Call 071-9317500, email info@sligocu.ie or visit us in one of our branches in Wine St, Sligo, Collooney, Co. Sligo or Drumkeerin, Co. Leitrim.

L-R: Seamus Kilgannon, Secretary, Sligo Credit Union ● Conor Conway, Director, Sligo Credit Union ● Noelle Cawley, Director, Sligo Credit Union ● Paul Keogh, Principal, Summerhill College ● Robert Kelly, Director, Sligo Credit Union.

Sligo Credit Union Community Loan - Features & Benefits

• Grants Available. Funding for community-based projects is available from Sligo Leader.
• Interest Rate. 5% (APR is 5.12%).
• Discounted Rate. For Community Loans over €50,000, groups can avail of a discounted rate of 4.5% (4.59% APR).
• Quick decision. Your loan will be approved locally so there’s no waiting around
• Flexible. Pay off your loan early, make lump sum payments or increase your regular repayments with no penalties - do it your way.

To apply for a Community Loan, you will be required to provide the following documents.

• Financial Accounts
• Costing of Project
• Details of any grants

* Terms and Conditions Apply. Sligo Credit Union Limited is Regulated by the Central Bank of Ireland.