- Action taken in the best interest of members’ funds
- Members’ eligible deposits are protected by the Deposit Guarantee Scheme
- Savings in other credit unions not affected
The Central Bank of Ireland (“Central Bank”) has made an application to the High Court to have provisional liquidators appointed to Charleville Credit Union Limited ("Charleville Credit Union”). David O’ Connor and Jim Hamilton of BDO were appointed as joint provisional liquidators.
The appointment of joint provisional liquidators to Charleville Credit Union does not have any impact on members’ savings in any other credit union. The Central Bank is conscious that there is a demand for the services of a credit union in the local area and is committed to ensuring credit union services are available in the community.
Deposit Guarantee Scheme
The Deposit Guarantee Scheme (the “DGS”) has been invoked. Deposits up to €100,000 per person per institution are protected under the DGS. Payments will automatic
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