The potential mega-merger between Irish credit unions Clonmel Credit Union and Charleville Credit Union is under threat as opposition grows. Members of the former are concerned that the latter will prove too costly, as it requires a bailout of between €4m and €5m to tackle issues going back seven years. However, the Irish League of Credit Unions and regulators are backing the merger.
The potential mega-merger between Irish credit unions Clonmel Credit Union and Charleville Credit Union is under threat as opposition grows. Members of the former are concerned that the latter will prove too costly, as it requires a bailout of around €4m to €5m to tackle issues going back seven years. However, the Irish League of Credit Unions and regulators are backing the merger.