Proposed merger between Nenagh and Thurles credit unions

An information meeting took place at the Abbey Court Hotel last week over a proposal to merge Nenagh and Thurles credit unions.

Credit union members were written to recently and informed that the purpose of the proposed merger is to strengthen and consolidate both credit unions for future generations of members. Nenagh and Thurles credit unions are financially sound, well-managed and complying with all current legislative requirements.

 

Most similar sized credit unions around the country recognise that there is significant benefit in pooling resources, services, and management skills and experience, along with technological facilities and expertise.

 

The proposed merger between Nenagh and Thurles will not have any impact on the employment terms and conditions of staff, nor will there be any compulsory redundancies or job losses. There will be no change in services to members or change to the offices in Nenagh or Thurles. Members will have the opportunity to transact their business at one of four locations in Nenagh, Thurles, Urlingford and Killenaule, six days a week.

 

Credit union members have been informed that a successful merger will see the combined Nenagh-Thurles credit union placed among the top 20 credit unions in the country. Subject to member approval, the proposed timeframe for this merger is July/August 2017.

 

The information meeting was held on Tuesday night of last week. A final decision is to be made by members of both credit unions at special general meetings, and the merger will be subject to approval from the Registrar of Credit Unions.