Credit union dismisses ‘scurrilous’ rumours about its viability

A 20,000-member credit union yesterday took steps to rubbish what was described as “unfounded, vicious and scurrilous rumours” about its security.

Killarney Credit Union said it was making a public statement to put any members’ fears at ease following two weeks of rumours that the branch was in trouble.

The statement came from George McSweeney, chairman of the credit union’s board of directors, after a small number of members had withdrawn savings.