Merger of Cork and Clonmel credit unions shelved

The proposed merger between Charleville and Clonmel credit unions has been 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.