Merger of Cork and Clonmel credit unions shelved

Last month, it emerged the two credit unions were in talks with regard to a “transfer of engagements” whereby Charleville Credit Union (CU), with 12,100 members, would be subsumed into Clonmel CU, which has more than 26,000 members.
However, in a joint statement by Paul Davey, chief executive of Clonmel CU, and Annette Kiely, chief executive of Charleville CU, it was announced that a decision had been made to halt proceedings.