CORK, Ireland–Eleven Credit Unions across Cork city and county have launched a campaign to encourage people to switch to a CU for their current account services.
According to EchoLive.ie, thousands of consumers in the city and county have made the move in response to banks exiting the Irish market.
The scenario in Cork is consistent with comments made by several Irish CU leaders during the recent World Credit Union Conference in which they said they anticipated banks leaving the market would drive increased marketshare.
In Cork city and county, the 11 credit unions involved in the campaign have 22 offices.
The credit unions involved are Access, Douglas, First South, Gurranabraher, Macroom Synergy, HSSCU, Bishopstown Mallow, St Paul’s, and Youghal, according to EchoLive.ie.
A spokesperson for the group told EchoLive.ie the campaign has resulted in thousands of Cork customers opening current accounts with them where they will avail of services like overdrafts and direct debit facilities.
Expanded Offerings
Credit unions have expanded their offerings over the years and now offer a range of services such as current accounts and mortgages, the report added.
Gary Hanrahan of Cork Credit Unions said they are delighted to see people make the switch to them.
“We are delighted that people are seeing the value that credit unions can offer and that they are making the switch,” Gary Hanrahan of Cork Credit Unions told EchoLive.ie. “Credit unions remain at the heart of communities all over Ireland and each credit union is involved with giving back locally between sponsorship and charity.
The Irish League of Credit Unions said that nationwide around 50,000 people have now switched their current accounts from banks to credit unions, EchoLive.com reported.
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