Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
No vote on deposit insurance levy says Irish league
BELFAST (5/6/11)--The Irish League of Credit Unions did not present its proposal to add a special levy on member credit unions to boost its deposit protection fund during its annual meeting in Belfast last weekend. The league had planned to raise an additional $8.9 million for its Savings Protection Scheme (SPS), which provides emergency funding to ailing member credit unions (Irish Independent May 5). The movement's fund dropped to $109.8 million from $169.2 million after it provided financial help to 13 troubled credit unions. Since then, another seven credit unions have sought help from the fund. (All amounts reported are in U.S. dollars.) The motion was not presented at the meeting, a league spokesman told the newspaper. The league is in ongoing discussions with the Registrar for Credit Unions at Ireland's Central Bank about the possibility of the Central Bank taking over the stabilization fund and placing it under statutory authority.


RSS





print
News Now LiveWire
Grand opening of @McGrawHillFCU's branch puts high touch on member service #NewsNow http://t.co/RlnJNrcwM8 #Backat55
23 minutes ago
20 breakout sessions available at @CUNA's April lending school #creditunions http://t.co/eTK0fVO0RK
16 hours ago
.@CoreLogicInc: Jan. home prices jump nearly 6% annually #Market #NewsNow http://t.co/DoDtHhjvaw
17 hours ago
CU Effect: @StLouisComm collaborates to save homes with FHLB grant #NewsNow http://t.co/fxX8EhouUj
23 hours ago
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
1 day ago