Boyle and Ballaghaderreen Credit Union’s could merge later in 2018.
Members of the Ballaghaderreen Credit Union were told of the merger at their AGM at the weekend.
Ballaghaderreen & District Credit Union Ltd is affiliated to the Irish League of Credit Unions since December, 1983 and has been serving members since March, 1984.
Currently member shares are €17.22 million, loans to members are €4.50 million with a membership
of circa 4440.
In their “Strategic Plan 2017 – 2018”, Ballaghaderreen Credit Union say “During the course of 2017 Ballaghaderreen & District Credit Union Limited commenced discussions with a neighbouring credit union as to a proposed merger, possibly in 2018.”
“This plan is short term as the board have a strategic priority for consolidation with a HLBC already submitted to the CBI. The resulting plan can be consider to be a “holdingstrategy” with a comparative time line articulated within the plan.”