THE globe

SKIBBEREEN, Ireland–Skibbereen Credit Union is absorbing Brandon Credit Union via a merger, giving it total assets of over €100m and making it the largest Credit Union in West Cork

NAAS, Ireland–Naas Credit Union here has temporarily acquired a pub license

SYDNEY, Australia–The ongoing low-rate environment, coupled with an influx of scam applications from overseas borrowers, has led to a wave of incentive offers in this country from lenders offering vouchers, gifts, trips and other items to native borrowers.

COUNTY DUBLIN, Ireland–Rush Credit Union is investigating suspicions that as much as €700,000, according to the Irish Independent. Federal regulators and other authorities are also involved.

BANJUL, Gambia– As part of an effort to provide capacity building for all credit union personnel in the country, the National Association of Cooperative Credit Unions of Gambia (NACCUG) recently held a four-day training on record keeping for bookkeepers in Brikama and Bwiam chapters.

BASEL, Switzerland–The Basel Committee on Banking Supervision has released the final version of its standard on Interest Rate Risk in the Banking Book, which is its formal guidance on monitoring, controlling and supervising interest rate risk, and it includes response to comment letters filed by the World Council of Credit Unions in 2015.

LISBON, Portugal–Lenders paying borrowers for their mortgages?

MONROVIA, Liberia–The Central Bank of Liberia has set up regulatory standards for the formation of the credit union across Liberia, according to the Liberian Observer.

DARLINGTON, U.K.–Darlington Credit Union has won funds from NatWest’s £2.5 million Skills and Opportunities Fund.

DUBLIN, Ireland–Ireland’s government said it is committed to examining how the multi-billion euro deposits held by the Irish League of Credit Unions could assist in the delivery of social housing.