Hibernian Catholic Benefit Society

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The Hibernian Catholic Benefit Society is a friendly society in New Zealand, with a former associated credit union. It was created in 1869. [1]

Friendly society

A friendly society is a mutual association for the purposes of insurance, pensions, savings or cooperative banking. It is a mutual organization or benefit society composed of a body of people who join together for a common financial or social purpose. Before modern insurance and the welfare state, friendly societies provided financial and social services to individuals, often according to their religious, political, or trade affiliations. These societies are still widespread in many parts of the developing world, where they are referred to as ROSCAs, ASCAs, burial societies, chit funds, etc.

New Zealand Country in Oceania

New Zealand is a sovereign island country in the southwestern Pacific Ocean. The country geographically comprises two main landmasses—the North Island, and the South Island —and around 600 smaller islands. New Zealand is situated some 2,000 kilometres (1,200 mi) east of Australia across the Tasman Sea and roughly 1,000 kilometres (600 mi) south of the Pacific island areas of New Caledonia, Fiji, and Tonga. Because of its remoteness, it was one of the last lands to be settled by humans. During its long period of isolation, New Zealand developed a distinct biodiversity of animal, fungal, and plant life. The country's varied topography and its sharp mountain peaks, such as the Southern Alps, owe much to the tectonic uplift of land and volcanic eruptions. New Zealand's capital city is Wellington, while its most populous city is Auckland.

Credit union member-owned financial cooperative

A credit union is a member-owned financial cooperative, controlled by its members and operated on the principle of people helping people, providing its members credit at competitive rates as well as other financial services.

After a large case of fraud occurring over several years through the early 2000s, in which an employee stole an estimated $1.24 million in society money, the associated credit union had to be wound up, and the society had to default on a large amount of the moneys held for its depositors. However, the society noted that it would continue to exist and strive to fulfill its aims. [1]

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Season 2005–06 was a season of missed opportunities for Hibernian. The team started strongly in the league, winning 10 of their first 14 games, but this form dipped after Christmas. The Scottish Cup seemed to be opening up for Hibs after they defeated Rangers 3–0 at Ibrox in the fourth round, but they then lost 4–0 in an Edinburgh derby semi–final against Hearts. Hibs lost 3–0 in the quarter–final of the Scottish League Cup at Dunfermline, and were well beaten by Dnipro Dnipropetrovsk in the UEFA Cup.

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The 2012–13 season was Hibernian's fourteenth consecutive season in the Scottish Premier League, having been promoted from the Scottish First Division at the end of the 1998–99 season. The club improved on its league performance in the previous season by finishing 7th in the 2012–13 Scottish Premier League, but were eliminated from the 2012–13 Scottish League Cup in the second round by Queen of the South. Hibernian progressed in the 2012–13 Scottish Cup to the 2013 Scottish Cup Final, but this was lost 3–0 to league champions Celtic.

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References

  1. 1 2 "$200k for Hibernian victims". Dominion Post via Stuff.co.nz. 19 October 2012. Retrieved 14 May 2013.