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
January 19, 2022

Central Bank Consultation – Application of Minimum Competency Rules to Credit Unions

The Central Bank of Ireland has today (19 January 2022) commenced a public consultation on the application of the Minimum Competency Code 2017 and the Minimum Competency Regulations 2017 to credit union…
News
December 14, 2021

Central Bank of Ireland’s Update on Financial Condition of the Credit Union Sector

The Central Bank today (14 December) published its eighth edition of the Financial Conditions of Credit Unions Report. The report provides an update on the financial performance and position of…
News
October 19, 2021

CXi Report – Credit Unions win for the 7th Year in a Row

Following the announcement of Credit Unions winning for the 7th year in a row, Kevin Johnson, CEO of the Credit Union Development Association, commented… ‘As banks continue to reduce their…