DUBLIN, Ireland–A fund created by the government to help credit unions hit hard by the financial crisis to restructure their operations will not need nearly as much money as has been set aside for the task.
THE globe
CU News From Around the Planet
HARTLEPOOL, U.K.–A man who was volunteering with Hartlepool Credit Union here pleaded guilty to stealing more than £5,000 from a credit union to spend on computer gaming and vacation trips.
DUBLIN, Ireland–Regulatory proposals by Ireland’s Central Bank are “overzealous” and “take risk management to a point where it becomes risk prevention,” the Joint Committee on Finance, Public Expenditure and Reform was told.
LONDON–Total assets of credit unions in the U.K. are projected to reach £2.2 billion by 2020.
WASHINGTON—The World Council of Credit Unions has sent a comment letter to the Financial Action Task Force urging the FATF to set clearer rules for when U.S. CUs are able to serve money service businesses (MSBs).
CARTAGENA, Colombia — Nearly 200 credit union professionals from Latin America convened here for a technical workshop to explore payment trends and innovative initiatives to engage more young members off and online.
DUBLIN, Ireland–Ireland’s credit unions are already offering loans for this country’s passionate soccer fans to attend the EUFA European Championship, better known as Euro 2016, in France next year.
REGINA, Saskatchewan–Conexus Credit Union is closing four rural branches in this province, as well as another in downtown Regina.
MADISON, Wis. — As cooperatives continue to evolve in Cuba, George Joseph will be at the forefront of professional relationships that may develop from the possible creation of Cuban credit unions, if only to better serve his own credit union's Cuban-American members.
DUBLIN, Ireland-The former credit controller who stole almost €1.7m from Finglas Credit Union over a seven-year period by creating bogus loans and stealing checks has been found guilty and sentenced to three years in prison.