Dundalk Credit Union completes transfer of Cuchullain Credit Union engagements

Congratulations to our client Dundalk Credit Union on their completion of a transfer of engagements from neighbouring Cuchullain Credit Union. OCWM Law provided the required legal due diligence reports to the Central Bank of Ireland and advised the parties on how best to proceed in light of the ongoing pandemic restrictions.  This strategic merger is the largest concluded to date in the credit union sector and the enlarged entity is now serving the needs of its 50,000 members in Dundalk and the wider Co Louth community with assets of almost €300m and reserves of €50m.