PROPOSED TRANSFER OF ENGAGEMENTS

Baltinglass and Altura Credit Unions, both community based, are currently in ongoing discussions regarding a transfer of engagements, subject to Central Bank approval and a member vote at a Special General Meeting, hopefully by the second quarter 2024.

This prospect was explored because both Credit Unions already share a common bond and can identify the many benefits to be accrued from becoming a strategically combined force in the Member services market, which will enhance our capital strength and thereby further secure the sustainability and viability of the proposed new entity for generations to come. Altura Credit Union believes in strengthening good relationships and collaborating with neighbouring credit unions wherever possible, as we share common goals, to provide: excellent member service; an extensive product range and good value to our members now and into the future.

This proposed merger is a purely voluntary engagement – a strategic merger- that will allow further member-centric development regarding the products and services that we have to offer, how they are provided, making them available to a wider audience.

Further information and updates will be provided at our December 2024 Annual General Meeting, and here on our website.