Newbridge Credit Union members “will default on loans” if merger goes through

A FORMER COMMITTEE member of the campaign to save Newbridge Credit Union has said that a proposed merger between Naas and Newbridge Credit Unions would lead to “colossal” losses.
Frank White, who stepped down from the campaign in order to allow him release documents, says that should the Central Bank force the merger through, Newbridge members will withdraw their deposits and default on their loans.