Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Irish regulator proposes emergency CU fund
DUBLIN, Ire. (11/10/08)--Ireland's credit union regulator has contacted the Irish League of Credit Unions and other associations, asking them to consider setting up an emergency fund in case credit unions need to cover liquidity requirements during the next few months. The regulator, Brendan Logue, also wrote to credit unions before their annual meetings and asked that any having difficulties in paying dividends contact him to discuss the situation (Irish Times Nov. 7). The newspaper said concern about investment losses and the economy might have sparked the move. The league, which represents 521 credit unions, has a savings protection plan that operates a fund of more than 110 million euros (US$179.5 million). The plan allows its affiliates to trade out of any difficulty they may experience. In September, the state increased the state deposit protection limit on accounts to 100,000 euros and included, for the first time, savings in credit unions under the plan.


RSS print
News Now LiveWire
W/voting in RI, NH complete, the credit unions of Mass. R expected to finish voting on a plan to merge the three state #CU leagues today.
27 minutes ago
7 fed agencies involved in 2day's 2 pm ET fair lending webinar hosted by @federalreserve @TheNCUA to participate http://t.co/Mh9OvOt8c9
33 minutes ago
Today Ntl Fed of CDCUs holds 2 pm ET webinar on performance, profiles, prospects of #CDFI #CUs http://t.co/x4Z9UiKK4u
48 minutes ago
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
16 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
18 hours ago