RegSol Blog

Credit Unions in the News

August 2020

On the 17th of July 2020, the Central Bank of Ireland issued a press release regarding the appointment of joint liquidators to Drumcondra and District Credit Union.

In summary:

  • Action taken in the best interests of members and the broader public
  • Full Resolution Report and Affidavit released
  • Deposit Guarantee Scheme has made pay-outs to most eligible depositors
  • The action taken is not related to the exceptional circumstances of COVID-19

For more information please click HERE

By √Čilish Larkin - Regulatory Consultant