Document Keyword: credit union

  • People Helping People Social Return on Investment Study of Newington Credit Union Limited

    People Helping People Social Return on Investment Study of Newington Credit Union Limited

    Newington Credit Union Limited (NCU) is a non-sectarian, not-for-profit, member-owned cooperative established by local people in North Belfast in 1967. It aims to provide effective, efficient and quality services that ensure the financial wellbeing of its members.

    This is a SROI evaluation of NCU, covering the period 1 October 2020 – 30 September 2021, which is its most recent full financial year. This study describes and measures all the notable changes brought about by the organisation over that period, and values these using monetary equivalents wherever possible.

  • A social dividend, not just a financial one – Social Return On Investment Study

    A social dividend, not just a financial one – Social Return On Investment Study

    “Donore Credit Union is Ireland’s first and oldest credit union. It is also the first credit union to undertake an analysis of its social value. It is found that the credit union delivers material outcomes for 13 types of stakeholders, with a reduction in stress, a sense of belonging and an improved standard of living being especially valuable to members. For every euro equivalent invested into the credit union, in the region of ten euro of social value is created. This has implications not only for Donore Credit Union, but also for the credit union movement as a whole and host of other policy makers.”