It comes after CEOs of both financial institutions issued a statement to try and allay concerns over such a tie up.
While its being welcomed, organisers of tonight's public meeting in Clonmel say its going ahead as planned.
Media reports of a possible merger between Clonmel Credit Union and another in Cork first emerged last week as one of a number of mega tie ups in the pipeline.
The move could see up to €4m pumped into Charleville from the Irish League of Credit Union's support fund in a bid to bolster its reserves and despite operating in the wealthy Golden Vale area it has been hit by high levels of bad debt.
This lead to concern among Clonmel Credit Union members who have demanded clarity from management – yesterday the CEOS of both offices issued a joint statement in which they have confirmed they are engaged in exploratory talks on a possible merger adding its ” an ongoing process” which may or may not come to fruition” and that any change would be “subject to approval by the relevant parties”
The CEOS go on to say that if a merger or transfer of engagements should take place, members of both unions will be informed directly – They urged members to continue to do business as normal and that managements’ number one priority at all times is their members and this will be reflected in any decision taken ..
The statement followed a briefing with local politicians on the issue who say despite the communication a public meeting planned for Clonmel this evening will go ahead as members have concerns over dividends and the possible loss of the personal touch.
Local Councillor and former board member of Clonmel Credit Union Richie Molloy says the statement is just too vague and an information evening by the credit unions would be much better
Tonight's public meeting on the issue is being held in Hearn’s Hotel in Clonmel at 8.30.
