Credit Union Customers Reassured Money Is Safe
Credit Union customers are being reassured about their money as another branch is being wound down.
A liquidator is to be appointed to the Charleville Credit Union in Cork, which has more than 12,000 members and debts of around 5 million euro.
It's the third Credit Union to close over financial issues.
Earlier today the Board of Charleville Credit Union stated that in their view the liquidation of the facility is entirely uncessessary as the facility is solvent and its current assets are sufficient to cover its members' shares.
Personal Finance Editor with the Irish Independent Charlie Weston says customers shouldn't worry:
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