Butts Bank beats greedy financial institutions

Sean Keanesean.keane@kilkennypeople.ieSeanKeaneKPnews

It was another big year for the Butts Community Savings Bank in the cente of the city as nearly 300 members, many of them children, cashed in their year savings for Christmas time on Friday night.

The volunteer operated Savings Bank runs from the Fr. McGrath Family Resource Centre on St. Joseph’s Road every Friday night for 48 weeks of the year – no matter the weather.

It was established to encourage and make it easier for local families to save and to give the savings habit to children from their youngest years.

Originally set up by the Fr. McGrath Centre to give families an alternative to very high interest charging loan companies ten years ago there are now Savings Banks in Newpark Close and Droichead (Callan) family resouece centres and in several other city and county locations.

Chairperson of the Fr. McGrath Centre Pat Brennan thanked the key volunteers who provided this invaluable savings scheme for local families. He pointed out that the considerable six figure sum saved by families this year will be spent locally and help support Kilkenny jobs.

Young children are a big target group for the community project and incentive schemes and weekly tokens are used to encourage children to save a little each week throughout the year.

The original Butts Savings Bank run from the Neighbourhood Hall from the early 1960’s ran for many years and was a forerunner to the St. Canice’s Credit Union set up around the same time in a house on the Butts Green.

Former and current Credit Union members Teasie Brennan, Michael Landers, Michael Walsh and Marius Cassidy have played a key role in re starting the Savings Banks in Kilkenny.

Chairperson Pat Brennan, singled out the volunteer tellers David Barry, Teasie Brennan, Michelle McEvoy Byrne, Irene and Trish King, Pat McAuley, Joe O Grady and Anne Marie Clifford for all their efforts throughout the year.

The Butts and Newpark Close Family Resource Centres Savings Banks will re-open on Friday, January 5 2017.

New members are always welcome.