Ballyfermot and Inchicore Credit Unions are proposing to merge
BALLYFERMOT Credit Union and Inchicore Credit Union are proposing a merger to provide members with a “broader range of improved services.”
A general meeting will take place on Wednesday, June 14, in the Ballyfermot College of Further Education to consider the proposal.
The ‘transfer of engagements’ will be voted on by the members of each credit union.
The offices of both the Ballyfermot and Inchicore branches will remain open and operate at normal opening hours – members can conduct their business in any of the two offices or through online account services.
Management say the merger will offer a broader range of services, with more offices, more cost efficiency, resulting in better loan interest rates.
Staff at both branches – which are viable and have strong reserves – have been fully informed on all aspects of the merger and support the proposal.
There will be no staff redundancies.
Branches will still meet the same people in the office and deal personally with members for all queries.
A Section 130 pack, detailing every aspect of the merger, will be sent to all members in the coming weeks containing all the relevant information.
Savings and all accounts in the credit union remain the same.
Savings up to €100,000 are guaranteed by the deposit guarantee scheme and are also covered by the ILCU savings protection scheme.
Management say the branches will continue to be involved in the community and maintain a strong involvement with community activities and organisations.