North Midlands Credit Union CEO Hopes Failed Roscommon Merger Will Be Revisited

A merger was turned down as a 75% member approval requirement wasn't met.

The North Midlands Credit Union CEO hopes the decision not to merge with Roscommon Credit Union will be revisited.

A proposed merger between North Midlands Credit Union and Roscommon was rejected after failing to win the 75% member approval required at its Mullingar base during a General Meeting last week.

Had it been approved, the merger would have brought together more than 85,000 members and over €600 million in assets.

Derek Smith, CEO of North Midlands Credit Union says he respects the decision of those who were against the move:

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