The Board of Directors of Tipperary Credit Union welcomes Micheál Moloney as their new CEO following the retirement of Pat Shanahan after almost 26 years as the Chief Executive.

Pat officially retired as CEO at the end of February 2023 and while this was a carefully planned process, it was nonetheless an emotional day for all involved with Tipperary Credit Union. Pat commenced as CEO in July 1997 and has overseen rapid and substantial change in the credit union sector during this time. Always striving for the highest standards of professionalism and member service, Pat spearheaded numerous innovations and ensured that Tipperary Credit Union was an early adopter for commercial loans, mortgages, EFT payments, ATMs and current accounts. Pat was also instrumental in two transfers of engagements from St. Bernards CU (Bansha) and Plassey CU (Castletroy, Limerick). Speaking on this retirement Pat had the following to say:

It is with a deep sense of sadness but also a slight sense of joy, that I am standing down from the role of CEO, having served nearly 26 years with Tipperary Credit Union. I have worked with some wonderful people over the years, employees, directors and board oversight members. We had some fun times together and always carried out the business of the Credit Union in a competent and professional manner. Thank you to the current Board and Board Oversight members – Dominic, John P, Anne, Anna, Carmel, Breda, Mike, Kevin, Patricia, Mike Q, Sean and Marie for everything you did for me over the past few years. I would particularly like to thank Dominic Morrissey and John P Hartnett, who were there from the start, for their support and friendship. I am very pleased to be leaving the Credit Union in a healthy and robust position, and in good hands. I wish everyone the best for the future.

The new CEO is Micheál Moloney who is a Chartered Accountant with significant experience and qualifications within the financial services sector. Micheál’s most recent role has been as Chief Financial Officer (CFO) with Tipperary Credit Union where he has worked side by side with the Board, CEO and Management Team. Formerly of PricewaterhouseCooopers, Micheál has experience in both practice and industry and has been a key member of the Senior Management Team within Tipperary Credit Union. On his new role, Micheál commented:

“I am thrilled to have been selected as the new CEO for Tipperary Credit Union after what was a very competitive process. I am fortunate to have worked side by side with Pat over the last 6 years and have learned a great deal through his mentoring and support. I am also fortunate to have such a high caliber of work colleagues who equally contribute to the credit unions success and for its members. There is a fantastic team here in Tipperary Credit Union and credit must go to the Board of Directors for always ensuring investment in people, products and services for the betterment of the credit union as a whole. I hope to maintain the excellent standards of Tipperary Credit Union and serve the Board, employees and members to the best of my ability. I am excited to lead the implementation of a new strategic plan which will see big enhancement to members services, including low-rate mortgages, increased online services while always retaining our personal touch face to face. I thank the Board for this opportunity and wish Pat a very happy retirement.

Finally commenting on the change in CEO, the current Chairperson, Dominic Morrissey wished to express his thanks and gratitude to Pat and best wishes for Micheál in the new role. Speaking on same:

“On behalf the Board, Board Oversight, members, and employees, all past and present, I wish to acknowledge the first-class contribution that Pat has made to our credit union, its members and our community over the past 26 years. Pat’s tenure has been exceptional, bringing Tipperary Credit Union from strength to strength and he has left a legacy unparalleled within the sector. All of us here wish Pat, Nora and family a very happy and well-deserved retirement. We also congratulate Micheál on his new role as CEO and have upmost confidence in his ability to lead Tipperary Credit Union into the future on the strong foundations, governance, morals, and commitment to members that have underpinned our credit union since its inception in 1967. We wish him every success in the new role and thank him for his contribution as CFO since 2017.”