Mountrath Credit Union merger

Mountrath Credit Union merger

This week, St Canice’s and Mountrath Credit Unions joined forces to create a stronger credit union.

As a result, members from Mountrath & District Credit Union have access to the enhanced range of lending and financial services that St. Canice’s has to offer including, online facilities, electronic payments and extended opening hours.

Also, with accounts now being BIC and IBAN enabled, it means that members from Mountrath can begin to receive payments such as salaries, pensions and social welfare payments directly into their Credit Union account.

Members of both credit unions will also enjoy the added convenience of being able to do business in any of the six St. Canice’s Credit Union offices located at High Street and MacDonagh Junction Shopping Centre in Kilkenny in addition to the Ballyragget, Durrow and Dunnamaggin offices and now also, the office at Shannon Street in Mountrath.

Jenifer Masterson is Chair of the Board of Mountrath Credit Union.

“This merger is about serving the present and future financial needs of our members and we are confident that the decision to join with St Canice’s is the right one.

“Experiences of other mergers have shown that members and their local communities benefit as they can be part of a stronger more efficient credit union that will provide greater financial strength and stability,” she said.

St Canice’s Credit Union is Ireland’s largest community credit union with more than 46,000 members and €265 million in assets.

Having, in recent months successfully merged Durrow and Ballyragget Credit Unions it has also been given the green light to progress discussions with other credit unions and further mergers are likely before the end of the 2016.

To save or borrow from St. Canice’s Credit Union, you must be a member.

However, joining is easy and you’ll be in good company with 2.9 million others who have already recognised the benefits of Credit Union membership in Ireland.

For more information on becoming a member, just drop into your nearest St. Canice’s Credit Union office or visit www.stcanicescu.ie.