CREDIT UNION REDUNDANCIES RUMOUR QUASHED
Claims this week that there were to be forced redundancies at Mitchelstown Credit Union have been adamantly denied by the board and management, writes Brian Moore.
John Collins, general manager of Mitchelstown Credit Union, told The Avondhu: “There are no jobs at risk in Mitchelstown Credit Union Limited. All staff attended recent internal staff briefings at which this point was confirmed.”
“Mitchelstown Credit Union continues to serve our members and is constantly looking at ways of improving service offerings to our members. Only recently, we have successfully launched the first phase of our free electronic funds transfer service and the new loans within shares product for our members.”
“Mitchelstown Credit Union is extremely stable, with liquidity in excess of 40% and reserves of over 12% - both of which are significantly higher than regulatory requirements, with significant provisioning in place to cover potential bad debts. We are trading well and have been serving the community for over 40 years.
"It would be unfortunate if all of the good work in the past year undertaken by board, management and staff of the credit union were blighted by such scurrilous rumours,” Mr Collins concluded.
Thursday 9th September 7:28pm