Hopes for a credit union service to be restored in coming weeks in Beara

There are hopes a credit union service will be restored to the Beara Peninsula in West Cork in a matter of weeks.

A High Court order last week to wind up the 3,500-member Berehaven Credit Union in Castletownbere has led to serious concerns and demands for a replacement financial service in the area.

Around 250 people were told at a public meeting outside the closed credit union offices in the town, on Saturday that behind-the-scenes negotiations between the liquidator and other credit unions are at an advanced stage.