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.

You can find full details of the Transfer of Engagements of Ayrfield Credit Union and Marino Credit Union in our Section 130 booklet available here.