KILLARNEY Credit Union and Cara Credit Union have announced an exciting new arrangement with Irish Life Financial Services, an insurance intermediary that can review protection, retirement, savings and investment needs and offer a full financial review.
Mark Murphy, CEO of Killarney Credit Union, said it will greatly assist the financial wellbeing of members and referrals to Irish Life will take place in branch and online.
The launch has been developed the credit union’s partnership with Metamo, a joint venture between 16 credit unions and fintech company, Fexco which represents over 480,000 credit union members from throughout the country and has combined assets of over €3 billion, or just under 20 per cent of the asset value of the sector.
The primary objective of Metamo is to build a stronger, better future for Irish credit unions.
“We are very pleased to provide this arrangement,” said Tim Coughlin, Director of Financial Planning with Irish Life Financial Services.
“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,” he added.