Credit union wind-up ‘a huge blow’ for area

The court order to wind up a credit union serving the remote Beara Peninsula represents a "huge blow" to the area, according to locals.

Doors to the credit union on Main St, Castletownbere were closed at 1pm yesterday, leaving some 3,500 members and six staff members affected.

Donal Kelly, former chairman of Castletownbere Business Association, said the loss of the credit union’s services would have a “devastating effect”.