Bagenalstown Credit Union moves to assure members that proposed merger 'will secure its future'

AGM takes place on January 31 in the Presentation De la Salle hall at 8pm

Darren Hassett

Reporter:

Darren Hassett

Email:

news@carlowlive.ie

Carlow Carlow Carlow

Bagenalstown Credit Union

The board of directors of Bagenalstown Credit Union has moved to assure members that the proposed merger with St Canice's Kilkenny is in the best interests of the members and will secure the future of the credit union in Bagenalstown "for many years to come".

A vote to merge the Credit Unions was postponed last month for "health and safety reasons". Members of St Canice’s voted overwhelmingly in favour of the move early last December. 

Manager, Richard Dwyer, said: "If the merger is approved members will enjoy a wider range of services including lower loan interest rates and mobile banking with a Debit/ATM card.

"The staff will continue to work in Bagenalstown and their employment conditions are fully protected under law despite what the rumours say.

"Members will still be able to apply for loans in Bagenalstown, have them approved in Bagenalstown and collect them in Bagenalstown.

"Our tenants have had their leases renewed recently thereby ensuring that they are secure for years to come.

"Our AGM takes place on January 31 in the Presentation De la Salle hall at 8pm and the members will vote on the proposed merger at this meeting."