On 6th October 2021 Celtic Credit Union received the most devastating news that our Chief Accountant, Les Hughes, had passed away suddenly after a short illness.
Les was an accountant for over 50 years. He became a Chartered Certified Accountant in the early 1970s and within 10 years achieved his Fellowship (FCCA) qualification. He had extensive experience working in a senior capacity at companies Including Alcoa, Wall Colmonoy and Hyder Consulting. He joined Neath Credit Union, as it was then called, on 14th November 2006 and was responsible for setting up all our accounting systems and procedures – he, and they, became the financial backbone of our Credit Union. Throughout the last fifteen years he has ensured that Celtic Credit Union maintained scrupulously accurate accounting practices and was key in the development of CCU into the successful company that it has become today.
Les was more than a colleague. He was a highly respected and dedicated member of our credit union family, and a very dear friend. A true gentleman. He will be very much missed by us all.
Our first virtual AGM took place online on Thursday 4th March at 5.00pm
At this meeting the Chief Executive was able to report positively on the activities of Celtic Credit Union over the last 12 months trading period. It had been a successful year despite the challenges caused by the Covid-19 Pandemic and ongoing national lockdowns. Celtic Credit Union, despite these very difficult circumstances, had managed to keep all offices open and maintained full membership services.
In addition, The Chief Executive reported on the decision to vary the Annual Membership contribution, and the consequent improvements that this would allow to membership services planned for the coming year.
Celtic Credit Union remains in a strong financial position, and therefore the meeting was able to approve the declaration of a dividend of 0.25% to be paid to members by 31st March 2021.
Other matters which were approved by the membership were:
“Loan sharks are increasingly using social media platforms, such as Facebook, Instagram and Snapchat, to advertise their illegal loans and target potential victims. They also use social media community groups and local selling pages,” Sarah Smith of Wales Illegal Money Lending Unit (WIMLU).
WIMLU would always recommend that people who need to borrow money should talk to their local Credit Union about safe and ethical financial products and services.
Following a major update to our IT systems and website you will need to re-register for online banking. We apologise for the inconvenience but this is essential to allow access to the wider range of services.