Shut so suddenly locals thought it was a robbery

Gardaí were reportedly called to Charleville Credit Union yesterday morning as locals thought it was being robbed when, in fact, it had just been put into liquidation.

The Central Bank said it made the decision to go to the High Court to seek the appointment of the provisional liquidators to the North Cork credit union yesterday morning as it was “in breach of a number of regulatory directions and is in a distressed financial position”.

Once the order had been granted the doors of the business were closed.