A motion of no confidence in the board of directors of Athlone Credit Union Limited was defeated at a heavily-attended special general meeting in the Radisson Blu Hotel last night.
Almost 400 members were in attendance and the motion of no confidence was defeated on a show of hands.
The special general meeting was called by the Credit Union after it had been requested to do so by a number of members.
The request, which carried 71 names, called for a special general meeting to “propose a motion of no confidence in the Board of Directors of Athlone Credit Union Limited for failing to fulfill their functions as laid down in Section 55 of Credit Union Act 1997 (as amended).”
In a statement this morning, the chairman Alan MacNeice said: "I would like to thank the many members who attended the Athlone Credit Union SGM. The turnout of members was remarkable. It was a very important meeting in Athlone Credit Union's evolution.
“The members listened attentively, with many making worthwhile and interesting contributions. Following the vote of confidence in the Board, the Credit Union shall continue its work, offering members the most attractive financial services in the town and working to realise the potential of the Credit Union to do much more for our members".