Two Roscommon Credit Unions reveal amalgamation plans

Ballaghaderreen credit union is set to amalgamate with Boyle’s this year.

At Friday’s night annual meeting of Ballaghaderreen credit union, it was revealed discussions with the branch are at an advanced stage and the board hopes the merger will take place at some stage this year.

Ballaghaderreen credit union is currently in a strong position, with its membership growing by 168 in the past year, to more than 4,400.

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It made a surplus of €160,000 in 2017, during which it lent nearly €2.8 million to its members, and it has assets of more than €20 million.