Board Of Charleville Credit Union Issues Statement On Closure
The Board of Charleville Credit Union has stated that in their view the liquidation of the facility is entirely uncessessary.
The Board issued a statement to RedFM News following a decision by the Central Bank to wind down operations at the Credit Union, which has more than 12,000 members.
The statement says there has been no recent issues in Charleville Credit Union which justified the action and an independent audit has demonstrated to the Central Bank's satisfaction that there are no governance issues in Charleville.
The statement also adds that Charleville Credit Union is solvent and its current assets are sufficient to cover its members' shares.
The board says it's their view that liquidation was entirely unnecessary and has moved to reassure members that all deposits are protected by the Government Deposit Guarantee Scheme.
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