Merger on table for North Midlands Credit Union

Following a period of public consultation the Board of Directors of North Midlands Credit Union have receive a request from the Board of North Longford & Arva Credit Union to consider a merger between the two financial institutions.

Conor Isdell, the chairperson of the North Midlands Credit Union, says the proposed merger will present “many mutual advantages” for the combined membership.

“The members of North Longford & Arva will benefit from the full North Midlands branch network and from the more comprehensive product and service range that a larger credit union can provide,” Mr Isdell told the Examiner.

He said under the Transfer of Engagements members of North Midlands Credit Union will have access to an additional branch, as well as benefiting from the skills, enthusiasm and dedication that the volunteers and staff of North Longford & Arva will bring to the new, larger credit union.

“This proposed merger is would see North Midlands Credit Union continue to serve members with the same excellent service,” Mr Isdell said.

The credit unions are required to have a special general meeting of members to approve the merger, and this meeting is being held online on Wednesday, May 15, 2025.

“We has successfully completed five Transfers of Engagements since 2014 and in all cases, the members of both credit unions have benefited in demonstrable ways. The scale provided by the transfers has allowed us expand our service offering to include a full-service Current Account, a competitive mortgage product and cultivate farming loans,” the Chairperson of the North Midlands Credit Union said.

Mr Isdell said combining the credit unions will strengthen both: “The Board and Management of North Midlands Credit Union expect the legal requirements relating to the Transfer of Engagements will be completed within the next three months. This Transfer is ultimately subject to Central Bank approval. We will keep all members informed of the next steps in the process.”

Mr Isdell believes the Transfers of Engagements presents opportunities: “We have the highest regard for the hard work and dedication the volunteers and staff of North Longford & Arva Credit Union have invested in their credit union over the past 38 years.

“We look forward to working with them and hope that they will continue to give their time and expertise in the service of both their current members and our members who may find it convenient to use the office in Arva,” he concluded.