Credit unions on track to expand its offerings to members

Two credit unions have announced an exciting new arrangement with Irish Life Financial Services who can review your protection, retirement, savings and investment needs, and offer a full financial review with one of their Qualified Financial Advisers.

The launch has been developed through Killarney Credit Union and Cara Credit Union’s partnership with Metamo, a joint venture between 16 credit unions and fintech company, Fexco.

The credit unions involved in Metamo represent over 480,000 credit union members from across the country and have combined assets of over €3bn, or just under 20% of the asset value of the sector. The primary objective of Metamo is to build a stronger, better future for Irish credit unions.

“We’re delighted to offer this service to our members with Irish Life Financial Services, which we feel will greatly assist their financial well-being,” Mark Murphy, CEO of Killarney Credit Union, said.

“We feel proud to be referring our members to Irish Life Financial Services in-branch and online as we all plan ahead for our future.”

Tim Coughlin, Director, Financial Planning in Irish Life Financial Services added “on behalf of Irish Life Financial Services, we are very pleased to provide this arrangement with the credit unions and Metamo”.

“We have long felt an affinity with credit unions due to their commitment to their communities and their dedication to offering their members control over their finances by making their savings work for them. We’re looking forward to starting our relationship with Cara Credit Union and Killarney Credit Union, their staff and members to build better futures together.”

If you would like more information you can call into Killarney Credit Union in Killarney, Cahersiveen and Kenmare or visit their website www.killarneycu.ie.