What's new in CUDA?

Credit Union Bill 2012 

The Credit Union Bill was enacted on 19th December 2012.  It is an excellent example of the various stakeholders within a sector working together towards a common objective that's clearly in the best interests of the end consumer; in this case, credit union members.

CUDA wishes to thank the Minister for Finance, Michael Noonan TD, Minister of State at the Department of Finance, Brian Hayes TD, all members of the Oireachtas who demonstrated such strong support for the Credit Union sector in Ireland, and the officials from the Department of Finance who worked so diligently on ensuring this necessary legislation was passed before year-end.

The application of the legislation is primarily the responsibility of the Registrar of Credit Unions and we believe that it should be delivered in a manner that is reasonable, appropriate and transparent.  CUDA recognises the challenge in trying to achieve these worthy principles however, they are essential to preserving the strong bond that exists between credit unions and their members and ultimately to maintaining the uniqueness of the credit union model.

CUDA 7th Annual Golf Classic

CUDA hosted their 7th Annual Golf Classic on Saturday 1st September 2012, in Glasson Golf Club, Glasson, Co. Westmeath. For more information on that Event please click here.

Donation to the Mater Institute for Research & Therapy

Kevin Johnson, CUDA CEO and Brendan O’Toole, Treasurer of Greystones & District Credit Union presented on behalf of CUDA Member Credit Unions to Dr Peter O’Gorman a donation of €2600.00 for the Mater Institute of Research & Therapy (MIRT) on behalf of the late Brian Douglas, Manager of Greystones and District Credit Union. To read more about this generous donation please click here.

CUDA AGM 2012

The CUDA AGM & Conference 2012 was held in the Tullamore Court Hotel on the 28th January 2012. For more information CUDA AGM 2012 please click here.

CUDA Directors' & Supervisors' Development Programme (CUDAS)

The CUDA Directors' & Supervisors' Development Programme launched in May 2010.  More information is available here.

CUDA National Primary School’s Quiz 2012

The CUDA National Primary School’s Quiz was held at the Ardboyne Hotel,  Navan, Co Meath on the Saturday, 10th March 2012.  For photographs from that event and information about CUDA School Quiz 2012 Winners please click here.

Credit Union Advisor (CUA)

New Credit Union Advisor Qualification wins approval from Financial Regulator. This was a joint initiative by CUDA and the Credit Union Managers Association CUMA. Please find more information here.

The value based Credit Union model

The ethos and philosophy of a Credit Union is based on helping individuals to help themselves, their families and the wider community in which they live and work.  This cooperative based philosophy, set of values and principles that delivers the Credit Union value based economic and social model continues to stand the test of time.  Collectively we need to ensure that the supports for this model evolve to ensure that they continue to be capable of meeting the ever changing challenges we face.

CUDA have produced a strategic framework that will act as a roadmap to achieve this.  It addresses the key areas of prudential management, the crafting and redefinition of Credit Union business strategy, governance and operations, and finally calls for the introduction of enabling legislation and regulatory framework.

Download the document here.

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