Government Set to Inject up to €1bn into Credit Unions
The Government is prepared to pump up to €1 billion into the credit union sector to protect them against rising bad debts. Minister for Finance Michael Noonan told the Seanad yesterday that he was prepared to inject between €500 million and €1 billion into the sector. This will come from what remains of the €17.5 […]
Appointment of Special Manager to Credit Union by the High Court
The first application of its kind was made before the High Court last Friday seeking to appoint a special manager to Newbridge Credit Union. The application comes as Credit Unions around the country are faced with increasing arrears and increased regulation on corporate governance. The special manager will take over the running of Newbridge Credit […]
Credit Unions and Employees
Employee re-instatements It has been reported recently that the Employment Appeals Tribunal had made a decision against St. Coleman’s (Claremorris Credit Union) in relation to an employee that they had. The Tribunal found that the employee had been unfairly dismissed. In this case the Tribunal has decided that the employee should be re-instated with […]
