Residents of Rush and Lusk will be happy to learn that, Progressive Credit Union, has acquired the loan book and buildings of the former Rush Credit Union. The acquisition was confirmed when the High Court approved the acquisition by Progressive of the loan book and two buildings, one on Sandy Road in Rush and the second in Lusk.
The two properties were put on the market after the collapse of the credit union in Rush and the appointment of liquidators by the High Court following an application by the Central Bank. Progressive had also acquired the loan book of the former Rush Credit Union from the liquidators with whom they were in exclusive talks since last November. Progressive CEO Sean Staunton told the County Leader, “Progressive opened the Rush credit Union premises on Monday morning last the 13th February. All former Rush members can still use any of Progressive Credit Union’s six branches in Balbriggan, Skerries, Swords, Donabate, Baldoyle or Glasnevin.
We are also looking at re-opening the Lusk branch of the former Rush Credit Union in due course.” At its AGM last November, the members of Progressive Credit Union voted overwhelmingly in favour of a rule change to extend the credit union’s “Common Bond” to the parishes of Rush and Lusk to cater for the large numbers of requests from members of the former Rush credit Union. A formal request for the extension was subsequently approved by the Central Bank. In recent months Progressive established a “pop-up” office at the community centre in Rush to facilitate membership applications. It had also extended the opening hours at its neighbouring Skerries branch. Over one thousand former Rush Credit Union members had already joined Progressive.