Fermoy Credit Union is currently engaged in early stage merger discussions with two other credit unions, as was advised to members at their annual general meeting last month.
Although the other credit unions cannot yet be named due to the non-disclosure agreements, they are understood to be financially sound and do not require any stabilisation support.
It is intended that Fermoy Credit Union will be the transferee or Anchor Credit Union in the proposed merger and will therefore accept the transfer of the engagements of the other credit unions.
At the AGM, members …
