Newbridge Credit Union: Charleton welcomes merger proposal

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The Central Bank-appointed special manager to Newbridge Credit Union Luke Charleton of Ernst & Young, welcomed the announcement by the Central Bank of Ireland indicating that there is a merger proposal with Naas Credit Union under consideration.

The Central Bank-appointed special manager to Newbridge Credit Union Luke Charleton of Ernst & Young, welcomed the announcement by the Central Bank of Ireland indicating that there is a merger proposal with Naas Credit Union under consideration.

In a statement to the Leinster Leader, Mr Charleton provided an email address for members who have any queries regarding the merger to contact him directly.

“The Special Manager welcomes the announcement today (1 August 2013) by the Central Bank of Ireland indicating that there is a proposal under consideration which aims to retain credit union services in Newbridge and to end the period of the Special Management Order.

“The Special Manager will continue to support the Central Bank of Ireland to complete the steps identified in the Central Bank of Ireland’s statement to facilitate the proposed combination and the retention of credit union services,” reads Mr Charleton’s Statement.

“Newbridge Credit Union remains open for business and continues to provide normal services to members.

“If you have any queries please contact ‘specialmanager@newbridgecu.ie’.

“Thank you again for your continued support of Newbridge Credit Union. Credit Union members are reminded that eligible deposits of credit union members, up to €100,000 per member, are fully guaranteed by the statutory Deposit Guarantee Scheme.”

- Paula Campbell