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CUDA

Building The Model Credit Union

Improving the financial, social and environmental well-being of credit union members and their communities

CUDA solutions can be utilised as an integrated platform or on a modular basis to provide flexibility.

Solutions are designed to ensure business fit and delivered using collaborative, not-for-profit shared services. CUDA creates economies of scope and scale not available on a standalone basis, with benefits flowing directly to credit unions and their members, not to commercial interests.

CUDA solutions are ready and compliant, making it easy for credit unions to get started, grow and create return on investment.

Solutions

Representation

Advocating for fair legislative and regulatory treatment, new opportunities and better deals from suppliers.

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Lending Frameworks

Ready frameworks to grow business, mortgage and green home improvement lending.

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Digital Solutions

Digital Marketing, CRM and Fintech Enablers to originate loans and enhance member engagement.

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Training & Development

Online courses with CPD accreditation to help staff, management and boards develop capabilities.

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Compliance

Confidential expertise, IT solutions and documentation for legal, regulatory and governance matters.

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Representation Agenda

While credit unions continue to work together to broaden and deepen their range of offerings, they can

#1 Enable More Lending

By permitting credit unions to collaborate to (i) introduce loans to each other and (ii) syndicate participations among credit unions with capability and capacity.

#2 Meet more credit needs

By allowing credit unions to prudently meet the needs of members who wish to borrow for BTLs and holiday homes.

#3 More Open Membership

People who are commercially active in a common bond would be allowed become a member of the credit union in that common bond.

#4 Housing for All

Permit providers of social and affordable housing to become members and lend to them directly and via loan participation.

#5 Savings for All

Permit credit unions to distribute State savings products.

#6 Capital Reform

With move to basic risk weighted model, achieved through the formation of a Regulatory and Legislative Credit Union Policy Committee

#7 Business Model enhancement

Via greater Collaboration supported by the establishment of a Business Model Development Taskforce on a statutory footing

#8 More Enabling Regulations / legislation

There are a number of areas where regulations can be enhanced to be more enabling

Latest News

News
February 21, 2024

Comment from Dr. Kevin Johnson, CEO of the Credit Union Development Association (CUDA), on key changes coming into force today February 21, 2024 as a result of enhancements to the Credit Union Act

Credit unions processed approximately €200m in new mortgage lending in 2023. As a result of the legislative changes which came into force today, we anticipate this volume doubling each year…
News
October 18, 2023

CUDA welcomes the passing of the Credit Union (Amendment) Bill at Committee Stage

Mortgage volumes to double each year and SME services to be available across the sector Commenting as the Credit Union (Amendment) Bill passed at Committee Stage, Kevin Johnson, CEO of…
News
October 13, 2023

CBI Public Statement: Update on Central Credit Register error

The Central Bank of Ireland issued a public statement on 21 August 2023 in relation to an archiving error that affected the retention period of some information on borrowers’ credit…