The CEO of Permenent TSB has promised to bring certainty to Newbridge Credit Union - and has pledged to look after depositors - and to lend to credit worthy borrowers.
The statement from Jeremy Masding came after the High Court last night approved a takeover by Permanent TSB, at a cost of 54 million to the taxpayer.
The Newbridge Credit Union Action Group says the takeover is part of a government policy to move deposits from Credit Unions into state-supported banks.
It says it's considering legal action over the takeover.
The CEO of Permenent TSB, Jeremy Masding, is assuring members and staff that business will continue as normal.
