Credit union opens in Castletownbere following protest

A credit union has opened in Castletownbere, Co Cork, less than a week after people took to the streets to protest at the closure of its predecessor.

Bantry Credit Union agreed to open a satellite service in Castletownbere and has rented the offices of the old Berehaven Credit Union from the court-appointed liquidator.

In addition, the Central Bank confirmed that €11m worth of deposits have already been refunded to 3,500 members of the failed institution.