Patrick Casey

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Governance remains one of the key risk areas for credit unions, the Central Bank said on Monday.

Governance remains one of the key risk areas for credit unions, the Central Bank said on Monday, as it published the findings of on-site inspections o(...)

The Central Bank said credit union boards looking to diversify their investments must ensure that they are taken without exposing member funds to undue risk.

Credit unions will be able to to invest in social housing under new regulations announced by the Central Bank. The move by the regulator comes after (...)

Central Bank  headquarters: credit unions need to invest in new technologies in order to compete with challenging new entrants to the market, according to the bank. Photograph: Niall Carson/PA Wire

Credit unions need to invest in new technologies in order to compete with challenging new entrants to the market, according to the Central Bank. Pat(...)

The Central Bank’s inspections, which covered a sample of 16 credit unions that issued house loans during 2017, found 10 had started such lending “without a well-developed business plan”.

Credit unions are providing house loans to members without putting in place a detailed business plan and have given “inadequate rationales” for doing (...)

A Central Bank report states that branches around the country continue to struggle with a decline in outstanding loans and low interest rates. Photograph: Colin Keegan, Collins Dublin

Pressure remains on the credit union business model, a new report from the Central Bank has suggested, as branches around the country continue to stru(...)

Only 286 unions were classified as actively trading, with the largest 50 accounting for more than half of the movement’s €15.9 billion of assets at the end of last year.  Photograph:  Colin Keegan, Collins Dublin

The Oireachtas finance committee is set to call for a review of lending limits for credit unions by regulators, throwing its weight behind a key recom(...)

Patrick Casey: he  will be responsible for the regulation and supervision of the credit union sector in Ireland

Patrick Casey has been appointed registrar of credit unions in the Central Bank. Mr Casey is currently head of resolution in the regulator. He will (...)

Rush Credit Union is technically insolvent with a €4.7 million hole in its reserves.  Photograph: North County Leader

Rush is a sleepy coastal village in north county Dublin that rarely garners national headlines. Yesterday, it found itself at the centre of the lates(...)

Rush Credit Union was placed into provisional liquidation yesterday following an application by the Central Bank of Ireland amid allegations of money-(...)

Michael Carroll and Anne McArdle Michael, a banker from Knocklyon, Dublin, and primary school teacher Anne from Dundalk, Co Louth, were introd(...)

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