Two Kerry credit unions are in the process of merging.
Cara Credit Union says the process to merge with Corca Dhuibne Credit Union/ Comhar Chreidmheasa Chorcha Dhuinhne Teoranta (CCDteo) has advanced over the past year.
The Central Bank has recently given approval to progress with the takeover, while the board of directors of both credit unions have approved the proposed transfer.
Cara Credit Union, which has branches in Tralee, Castleisland, Killorglin, Ballyduff and Causeway, says a major part of the merger is to continue the identity and culture of CCDteo.
CEO of Cara Credit Union Pa Laide describes what the next steps of the process are:
The merger will see the membership of Cara Credit Union grow to over 60,000 in Kerry.
CEO of Cara Credit Union Pa Laide says the merger creates a stronger and more efficient credit union for their members.
