Credit Unions

Credit unions will no longer have to pay into two safety net funds after a government review concluded their current assets are "sufficient for now". Paschal Donohoe, the finance minister, today announced the government's intention to "pause the collection of levies in relation to the resolution and

The Central Bank of Ireland has announced "targeted but significant changes" to the regulatory lending framework for credit unions. The changes are intended to allow the sector increased scope to provide house and business lending to their members and follow an evidence-based review of credit union

A credit union in Co Donegal has been fined more than €36,000 for breaches of anti-money laundering requirements, the Central Bank has announced. Swilly Mulroy Credit Union has admitted breaching the requirements of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 and th

A public consultation has been launched on legislation to modernise and strengthen Northern Ireland's credit union sector. The Credit Union (Modernisation and Reform) Bill was "co-designed" by the Irish League of Credit Unions and the Ulster Federation of Credit Unions alongside the Department for t

Landmark reforms to legislation governing the credit union sector have been approved in the Oireachtas. The Credit Union (Amendment) Bill 2022 is the first substantive credit union legislation since 2012, which followed the Commission on Credit Unions. Having passed the final stage in the Seanad yes

New legislation aimed at growing credit union lending has been approved by Senators and will now go before TDs. The Credit Union (Amendment) Bill 2022, published earlier this month, is the first substantive credit union legislation since 2012, which followed the Commission on Credit Unions.

New legislation aimed at growing credit union lending has been published by ministers. The Credit Union (Amendment) Bill 2022 is the first substantive credit union legislation since 2012, which followed the Commission on Credit Unions.

Credit unions will have until the end of June to hold their 2020 AGMs virtually following an extension of Covid-19 rules. The Finance (Miscellaneous Provisions) Act 2020, signed into law last December, extended the timeline for credit unions to hold their 2020 AGMs to end of April. It also allowed f