The First Choice Credit Union Story
Our great success story started back in May 1966. Then the Castlebar Credit Union, it was founded as a result of the efforts of 13 dynamic, pioneering and entrepreneurial people namely Tommie Byrne, John Cashin, Paddy 0’ Toole, Joe Keane, Jack Loftus, Larry Mc Hale, Greg Mc Donnell, Frank Durcan, Jimmy Mc Hugh, Denis Ludden, Micheal Carney, Liam Cronin & Pat Ward.
The founders recognised the scarce availability and poor management of money and resolved to identify a system that would allow people to gain more control over their finances. The main reason for setting up a Credit Union was to give the community its own saving and lending co-operative. To give people independence from the banks and money lenders, and also the door to door sales persons with their hidden charges. As the savings group proved to be so successful with membership growing it was decided to look for a more permanent collection point, and as the luck was there Eddie Cannons little office was secured at Market Square. The rest is history. As to what the Credit Union owes to its founder members, and all those who have during the following 51 years worked to bring it to what it is today can never be measured.