Still no date for Newbridge Credit Union AGM

Newbridge Credit Union building
A local Newbridge councillor has expressed her disappointment that the Central Bank has confirmed a date still hasn’t been set for a Newbridge Credit Union AGM.

A local Newbridge councillor has expressed her disappointment that the Central Bank has confirmed a date still hasn’t been set for a Newbridge Credit Union AGM.

Cllr. Fiona O’Loughlin told yesterday’s (July 17) Kildare Area Committee meeting there was still no information as to when the special manager and his team will have the situation resolved. The area committee wrote to Matthew Elderfield, the Central Bank’s Deputy Governor on foot of a request from Cllr. O’Loughlin.

A response came from Sharon Donnery, Registrar of Credit Unions at the Central Bank.

She said she understood the concerns of the committee.

“However, I would reassure the members that the Central Bank is working proactively in seeking to deliver a resolution for NCU that is in the best interest of members of NCU. Until a resolution has been delivered, the Central Bank is not in a position to provide further details to the members of the Kildare Area Committee of the resolution options that are being considered.”

Newbridge Credit Union has not held its AGM for 2012 and is currently under the stewardship of special manager, Luke Charleton and his team of experts.

“The Central Bank has discussed with the Special Manager the question of the AGM and does not consider that it is appropriate for an AGM to be held at this time,” the letter concluded.

Cllr. Fiona O’Loughlin is unhappy there is still no clarity on the matter for the branch members.