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Credit union

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  • 06-08-2012 1:08pm
    #1
    bewhiched
    Registered Users Posts: 724 ✭✭✭


    Hi can anyone shed some light on this please I'm in mellifont credit union but did I hear they will be joining the drogheda credit union soon????thanks


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    #2
    muckisluck
    Registered Users Posts: 318 ✭✭muckisluck


    Was announced in last Saturday's Irish times.


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    #3
    bewhiched
    Registered Users Posts: 724 ✭✭✭bewhiched


    Ohhhh really must be true so!!!! Right thanks very much for your reply have to pop down during the week thanks again


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    #4
    kbell
    Registered Users Posts: 1,249 ✭✭✭kbell


    Will the premises in Mell be closing so?
    I've savings in both melifont and Drogheda, how will this work?
    Both amalgamated together?


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    #5
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    kbell wrote: »
    Will the premises in Mell be closing so?
    I've savings in both melifont and Drogheda, how will this work?
    Both amalgamated together?

    You'll just have 2 accounts and can combine back to one if you wish.

    These amalgamations are laid down by the regulators to keep smaller struggling CUs viable.


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    #6
    cargo
    Registered Users Posts: 1,215 ✭✭✭cargo


    Ellis Mushy Oceanographer wrote: »
    You'll just have 2 accounts and can combine back to one if you wish.

    These amalgamations are laid down by the regulators to keep smaller struggling CUs viable.

    Yeah its happening all over with loads of the CU's. It's nothing negative to be worried about. (unless they change opening hours or something like that)


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    #7
    bewhiched
    Registered Users Posts: 724 ✭✭✭bewhiched


    right i see so is mell one closed now for good!!


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    #8
    danwhite88
    Registered Users Posts: 320 ✭✭danwhite88


    kbell wrote: »
    Will the premises in Mell be closing so?
    I've savings in both melifont and Drogheda, how will this work?
    Both amalgamated together?
    Ellis Mushy Oceanographer wrote: »
    You'll just have 2 accounts and can combine back to one if you wish.

    These amalgamations are laid down by the regulators to keep smaller struggling CUs viable.


    Can you have different accounts in different credit unions?


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    #9
    cargo
    Registered Users Posts: 1,215 ✭✭✭cargo


    bewhiched wrote: »
    right i see so is mell one closed now for good!!

    I wouldnt think so. The ones I know of that amalgamated are still open in both premises although they would be larger setups around Dublin so both offices would be busy.


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    #10
    badgerbroc11
    Registered Users Posts: 141 ✭✭badgerbroc11


    Yes. Once you fulfill the common bond requirements.

    You will qualify automatically for the cu where you live. If you work as a teacher you could also fulfil the common bond of the teachers cu. Therefore qualify for that one too. A friend of mine is a member of three community credit unions. First one where she grew up. The second in a town where she lived and worked for ten years and the third where she currently lives.

    Normally and prefarbly people would transfer their cu account to the new cu but not necessarily.


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    #11
    kbell
    Registered Users Posts: 1,249 ✭✭✭kbell


    Mell is closing on the 25th, accounts transferred to Drogheda Credit union won't be accessible until the 30th.


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