Section 130 Pack – Community Credit Union & Blanchardstown & District Credit Union

27 May, 2025

The Board of Directors of Blanchardstown & District Credit Union Limited and Community Credit Union Limited are in a position to ask our members to approve the transfer of engagements of Blanchardstown & District Credit Union Limited to Community Credit Union Limited.

Click her to view Section 130 Pack – Community Credit Union & Blanchardstown & District Credit Union

The Special Resolutions to approve the Transfer of Engagements will be voted onat the forthcoming Special General Meeting. The Transfer of Engagements issubject to the approval of the Central Bank.

The Boards of both Credit Unions are confident that the decision to combine Credit Unions will strengthen our position to be the most trusted, respected and preferred financial services provider for members, providing good value,modern, accessible and tailored services.

On completion of the proposed transfer of engagements, the common bond of Blanchardstown & District Credit Union will be extended to include all current members of Community Credit Union Ltd. The advantages for members are that the enlarged Credit Union will:

  • Protect the provision of Credit Union services in our community and allow for more investment in our community

  • Enable access to a broader range of services including current accounts, savings and loan services at competitive and sustainable rates

  • Be a stronger, more viable Credit Union with healthy financial reserves

  • Satisfy member expectations and security of savings and

  • Provide greater efficiencies through sharing costs, resulting in better value for members

Please see below for a summary of the key merger benefits for members.Included in this email is a link to your Section 130 Pack. For yourinformation, is a statement required under Section 130 of the Credit Union Act,1997 (as amended).

We would like to take this opportunity to thank you the members for your continued loyalty to your Credit Union and look forward to your support at the Special General Meetings.

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