Proposed Merger Announcement – Community Credit Union, Blanchardstown and District Credit Union and Rowlagh Credit Union

We are delighted to inform you that we have commenced discussions with Blanchardstown and District Credit Union and Rowlagh Credit Union in relation to combining our resources to become an even stronger credit union. The Board of Directors are fully committed to this strategic merger, which is based on a strong collaborative approach between our credit unions. The Board of Directors is of the view that by combining our credit unions we will build on our proud record to ensure we continue making a distinct and positive contribution to the challenges and opportunities facing our members and our communities.

In summary, this initiative provides assurance on the continuation of services locally and ensures that we will have the combined strength to meet the very challenging times ahead for credit unions.

This announcement is made in the spirit in which our credit unions intend to move forward with this process – honesty and transparency so that you, our members, can be sure that at all times you are fully informed. Please be assured that the Board of Directors wish to fully engage with members throughout this process. The proposed merger will require the approval of our regulator, the Central Bank.

It is also very important to note that throughout this proposed process, it will be business as usual with no impact on day-to-day activities for members.

Claire Lawton,
Chief Executive Officer,
Community Credit Union.

Colin Hernon,
Chair,
Community Credit Union.

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