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Kilsaran and Clogherhead Credit Unions to Close by End of August

Kilsaran and Clogherhead Credit Unions to Close by End of August

Kilsaran and Clogherhead Credit Unions to Close by End of August

The imminent closure of Kilsaran and Clogherhead Credit Unions has been described as a “blow to the rural community” by Sinn Féin. Deputy Ruairí Ó Murchú raised the issue with Taoiseach Simon Harris in Leinster House on Tuesday. Earlier that day, Deputy Ó Murchú and Councillor Pearse McGeough met with representatives from Connect Credit Union, the parent organisation, which announced the closures set for the end of August.

Connect CU informed the Sinn Féin representatives that nearly 90% of transactions are now conducted online, leading to a decline in in-branch visits, rendering the branches unsustainable. Despite the closures, no jobs will be lost.

Deputy Ó Murchú and Cllr. McGeough expressed their disappointment at the decision. The closures follow previous shutdowns of branches in Annagassan and Castlebellingham.

Cllr. McGeough inquired about the ATM at Clogherhead Credit Union and was told it would no longer be operational post-closure, as it is not owned by Connect CU. He also suggested that any proceeds from the sale of the buildings should benefit the local community as a one-off gesture.

“This is a very disappointing blow for Kilsaran, especially after the loss of the Crowing Cock and the closure of the local shop. I fear Kilsaran is becoming a wasteland,” said Cllr. McGeough.

Deputy Ó Murchú highlighted concerns about vulnerable clients and the unique role of credit unions during questions to An Taoiseach. He emphasized the need for ongoing support and revisited the broader issue of service loss in rural Ireland.

In response, Taoiseach Simon Harris mentioned his meeting with the credit union movement and committed to addressing the concerns raised by Deputy Ó Murchú, promising to follow up in writing.

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