Killorglin credit union members reassured after transfer

The Central Bank has reassured members of Killorglin Credit Union that their funds are protected and that all services will continue to be available to them following its transfer to Tralee Credit Union.

The High Court yesterday approved the transfer. The Central Bank had sought it because it felt Killorglin Credit Union was no longer viable as a standalone entity.

“The transfer was undertaken to protect members’ savings and ensure continued access to credit union services within the community,” the Central Bank said.