Credit unions in Tipperary and Cork in talks to merge

Almost 40,000 members remain in the dark about a proposed merger of two large credit unions in Munster.

No formal application has yet been submitted to the Central Bank in respect of a merger between Charleville CU in north Cork and Clonmel CU in south Tipperary, but talks between the management teams are advancing.

It is strongly believed that Charleville, with 12,100 members, will be subsumed into the Clonmel business.