Talks between manage-ment teams at Charleville and Clonmel Credit Unions about a merger are ongoing. No formal application has yet been lodged with the Central Bank.
Annette Kiely, CEO of Charleville Credit Union, said: ‘We are currently in talks about merging with another credit union. This is an ongoing process. These talks may not come to fruition and any change would be subject to approval by the relevant parties. If a merger or transfer of engagements should take place, we will notify members directly. Members can continue to do business in the usual way with Charleville Credit Union. Our number one priority at all times is our members – and this will be reflected in all decisions taken by Charleville Credit Union.’
Clonmel Credit Union has already completed two mergers in recent years, one with Fethard Credit Union and one with Mullinahone Credit Union.
In July of last year Mallow Credit Union merged with Buttevant and Doneraile Credit Union, Dromcol-logher Credit Union and Millstreet Parish Credit Union.
New regulations in force since January 2016 have seen mergers as the way forward for credit unions.