On behalf of the Board of Directors it is with great pleasure that I present this annual report as President of the Harp and Crown Credit Union.

The business of the Credit Union has once again continued to grow from strength to strength and now has a membership total of 7200. Our shares have now reached over £12 million pounds with loans in excess of £10.5 million pounds. With the current economic climate we continue to exercise caution as required both by individual members and those involved in the decision making process.

Full credit must be given to the volunteers on the Credit Committee for closely monitoring all applications and the ongoing financial situation. This also applies to the Board of Directors and Supervisory Committee. I would like to take this opportunity to thank the dedicated staff in the office, namely Jill, our Treasurer/Manager, Carol who is also a member of the Board, Elaine and Tori. Their dedication and hard work is a credit to the organisation and how it has grown.

We continue to support and enjoy our relationship with PSNI Rugby Club who have had another successful year. They make us feel most welcome at matches and occasions when we can attend and openly support us in return. I take this opportunity to wish them well in the rest of the season.

This year we continued to support charities and events by donating money to our own RUC-PSNI Benevolent Fund,Police Dependants Trust, Royal National Institute of Blind People, PSNI Football Team and the PFNI Lottery Golf Tournament. All were most appreciative and we wish each of them well in the incoming year.

Finally I look forward to all your support for the incoming year so that we can continue to expand and develop this excellent service. Share a copy of this report with a colleague who may not yet be a member and let them see the many benefits of joining.

Fred Boyd.
President.