Mr Chamberlain said the meeting called this week was simply an update on how the club was travelling since entering a deed of company arrangement in late 2014.

On top of member pledges totalling around $130,000, the club had to raise $160,000 before December 31 this year.

"They are very much complying and there have been no issues," he said.

"There are a still a few milestones to come, but to date they have complied with all their obligations."

As part of the rescue deal, the club is paying lump sum amounts as well $3000 in monthly payments.

At the time of the deal being struck, creditors agreed to accept around 16 cents in the dollar of what they were owed.

The club's total debt at the time of going into administration was $850,000 with the National Australia Bank owed $400,000 and a further $450,000 to unsecured creditors.

Albury Council also agreed to purchase the club's carpark in the rescue deal.

But it has recently agreed to a land exchange with the Catholic Church involving a block of land opposite Bunton Park in Alemein Avenue which is used for parking on match days.

The church will also acquire a property in Tristan Court in exchange for its land in Corrys Road where Thurgoona Men's Shed will establish a permanent home.

Mr Chamberlain's remuneration will also be discussed at the creditors' meeting.