Probe into suspected fraud at Cork Credit Union

Gardai have been called in to investigate a suspected fraud at a Credit Union in Cork.

Gurranabraher Credit Union is understood to have lost €200,000 and will now have to make an insurance claim to refund members.

It comes after similar suspected crimes at credit unions in Rush, Dublin, and Fermoy, Cork.

In a statement Gurranabraher Credit Union has confirmed a staff member has been dismissed and a matter was reported to gardaí while the Central Bank has also been informed.