Credit union reassures 10,000 members after securing funds

An estimated 10,000 members of a credit union in Kerry have been assured “it’s business as usual” after receiving supplementary funding from the Irish League of Credit Unions.

Killorglin Credit Union has not held an AGM in two years but the ILCU has moved to advise members the local credit union will continue to provide them with essential services.

Experiencing a shortfall in reserves due to the recession, Killorglin recently received approval from the registrar of credit unions to obtain supplementary funding from the ILCU.