Members to vote on major Athlone credit union merger
The proposed merger of two leading credit unions in the Midlands is due to be voted on at their respective annual general meetings in early January.
Athlone and Castlerea Credit Union signalled its intention to enter into merger talks with St Jarlath's Credit Union in Tuam this time last year, in a move which would create one of the largest credit unions in the country, covering a vast region across the west of Ireland and the Midlands.
The proposed merger is to be put to a vote at the AGMS of both credit unions on January 8 next, according to the CEO of Athlone and Castlerea Credit Union, Michael Evans, who was speaking at the launch of the financial institution's Community Support Fund 2025.
Emphasising the long-term benefits of a merger, Mr. Evans said it is about “delivering more benefits” for members.
“Together, we can create a more efficient organisation, capable of offering a larger range of services while maintaining our strong community focus” he said, pointing out that there will be “very little change” for members, whether they visit the branches in Athlone, Castlerea, or Tuam.
“You will still see the same familiar faces providing the same personalised service you’ve always known.
“Lending decisions will remain local, ensuring we stay true to our roots. We believe this merger will strengthen our ability to support our members and communities, and I truly hope it will be supported at the AGM,” said Michael Evans.
The local credit union CEO said he was “thrilled” to be launching the Community Support Fund 2025, which has provided over €100,000 in grants to support worthwhile project which have enhanced the quality of life in many local communities since its inception in 2022.
Claire Mulvihill, Community Support Fund Co-ordinator, highlighted the credit union’s ongoing commitment to the local area.
"Social responsibility and community development are at the core of our ethos here at Athlone & Castlerea Credit Union” she said, adding that the Community Support Fund enables the credit union to “continue investing in initiatives that benefit our members and the local community.”
Athlone and Castlrea Credit Union has strongly encouraged local groups to apply for funding to assist with bringing significant projects to life.
The Community Support Fund 2025 opened for applications on Monday of this week, and will close on Monday, January 6, 2025.
Local community, cultural, charity and sports groups are invited to apply for funding to assist with significant development.
Groups or organisations applying for funding must complete the official application form stating why they should qualify for funding.
These application forms can be downloaded from the website www.accu.ie or picked up in any of their offices in Irishtown, Monksland (Athlone) or Castlerea.
Completed application forms for the community fund, together with any supporting documentation, must be returned to: communitysupportfund@accu.ie by January 6, 2025.