Two credit union chiefs sacked after probe

TWO senior managers of a Cork city credit union were yesterday fired by its board of directors following an independent investigation into management practices.

Alec Good and Patricia O’Neill, manager and deputy manager respectively of Gurranabraher Credit Union, were dismissed after what the board described as “an exhaustive, independent investigation into a number of issues relating to the management of the credit union”.

Both managers had been out of work on full pay, costing credit union members in excess of €2,000 per week, since June 21 last, for initially failing to co-operate with the investigation into allegations made against them. This lack of co-operation led to their suspension, but that suspension was lifted following a court appearance and then an out-of-court agreement between all parties. The agreement required both parties to co-operate with the investigation and not to return to work until it was complete.