Members of Clanmaurice and Cara Credit Unions have voted overwhelmingly in favour of a merger.
Management at the two credit unions say the decision will create a stronger and more efficient credit union to serve the combined membership across the wider catchment area.
The combined credit union will have assets of over €270 million and 58,000 members. The offices at Tralee, Killorglin, Castleisland, Ballyduff and Causeway will remain open for members.
Chair of the Board of Clanmaurice Credit Union, Martina Flynn said she is confident that the decision to join forces with Cara is the right one and will allow it to continue to provide an efficient and effective service to all it's members.
Chair of the Board of Cara Credit Union, Caroline Sugrue said it makes perfect sense not only from a financial and member service perspective but also an administrative one in the current regulatory environment.
Members' savings and loan accounts will be unaffected by the transfer. Members in both credit unions will see no change in the day to day operations of the credit union. There is now a 21-day representation period, after which it is envisaged that the two credit unions will become one strong credit union.
