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Thursday 21 September 2017

Now €200,000 feared stolen in latest Credit Union case

Gurranabraher Credit Union in Cork is understood to have lost €200,000. (Stock picture)
Gurranabraher Credit Union in Cork is understood to have lost €200,000. (Stock picture)
Charlie Weston

Charlie Weston

Gardai have been called into another credit union hit by suspected fraud, with accounts believed to have been raided by a staff member, the Irish Independent has learned.

Gurranabraher Credit Union in Cork is understood to have lost €200,000.

It will now have to make an insurance claim to refund members.

It comes after similar suspected crimes at credit unions in Rush, Co Dublin, and Fermoy, Co Cork.

The chief executive of Gurranabraher, Philip Hosford, confirmed that a staff member had been dismissed and a "matter" was reported to gardaí.

Asked how many member accounts were affected, Mr Hosford said: "Gurranabraher Credit Union confirms that no member is exposed to a loss as a result of this matter, and that the matter identified has no impact on the provision of services provided by the credit union."

Last week, Synergy Credit Union in Fermoy called in gardaí when a staff member was suspected of taking members' money. The fraud was estimated at €400,000.

It is just a matter of months since Rush Credit Union was shut down after a series of fraudulent activities was discovered.

Irish Independent

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