Credit union sacking over lost €200k

A credit union staff member has been dismissed after the discovery of alleged financial irregularities of up to €200,000.

Gurranabraher Credit Union (GCU) is the second credit union in Cork in less than a week to confirm it has referred investigations to both the gardaí and the Central Bank.

Last Thursday, it emerged that more than €400,000 was stolen from members’ accounts at Synergy Credit Union in Fermoy in a series of “unauthorised transactions”.