** This news post is to verify the validity of an email being sent to our members in the coming days regarding a transfer of engagements **

 

Members,

 

We are delighted to inform you that, on the 3rd February 2020, the Board of Directors of Ayrfield Credit Union Limited and Marino Credit Union Limited passed a resolution to transfer their engagements to Member First Credit Union Limited. The Board of Directors of Member First Credit Union Limited have also passed a resolution to accept the engagements of both Ayrfield Credit Union Limited and Marino Credit Union Limited. The proposed transfer arises from the belief of the Boards of our Credit Unions that our members can be better served together and we consider it an ideal opportunity to grow and develop our services to members locally. On completion of the proposed transfer of engagements, the common bond of Member First Credit Union Limited will be extended to include the common bonds of Ayrfield Credit Union Limited and Marino Credit Union Limited.

 

We are confident that the decision to combine our Credit Unions will strengthen our position to be the most trusted, respected and preferred financial services provider for our members, providing good value, modern accessible and tailored services.

 

Eleven staff members from Ayrfield Credit Union Limited and three staff members from Marino Credit Union Limited availed of a redundancy programme as part of this process.

 

We would like to take this opportunity to thank you the members for your continued loyalty to your Credit Union. In particular, we would like to acknowledge the voluntary contribution of the members of the Board of Directors, Board Oversight Committee, and volunteers of both Ayrfield Credit Union Limited and Marino Credit Union Limited over the years.

 

Signed,