'The amalgamation will be good for local communities': Two Cork credit unions to merge

Two Cork credit unions are to amalgamate in a move they say will offer members improved services and stronger support in both communities.

Douglas Credit Union and Glanmire & District Credit Union have voted in favour of a proposal to amalgamate, with the decision announced at an AGM that was held last evening.

A spokesperson said that the merger, "which has come about as a result of the modern needs of consumers", will make banking more convenient for members.

The new bigger credit union will offer them access to a wider network of branches and a broader range of financial products including mortgages, current accounts, competitive loan options, savings and innovative digital banking solutions, the spokesperson said. 

Speaking about the merger, CEO of Douglas Credit Union, Roy McKnight, said: “We are excited about this merger that brings together the knowledge, resources and dedication of two trusted credit unions in Cork. As well as offering enhanced services for members we believe the amalgamation will be good for the local communities we serve as it will further strengthen our commitment to community initiatives, sponsorships and developments in the greater Douglas, Glanmire and Passage West areas.”