All Posts By

dawn.kennedy@cuda.ie

CUDA presents at UCC 2019 Summer School

By | Competency and Training, Owner Members

Positioning Credit Unions for the next 5 years and beyond poses big questions for credit unions, such as how do you plan for a world that is in constant flux? and how do you make a credit union fluid enough to respond to constant change and volatility? In this presentation the CUDA CEO breaks these big challenges down in manageable steps, the key is to start with a clear purpose which CUDA believes is “improving the financial, social and environmental well-being of credit union members and their communities”, then identify the strategic themes, the appropriate measures ad finally the enablers and initiatives. CUDA and the Solution Centre roadmap are helping credit unions to get their positioning right.

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Solution Centre ProEnergy Home Loan on RTE News

By | Governance, Owner Members, Strategic Development

We were delighted to see the Solution Centre Manager Cathal Tyther on Six One & 9 o’clock news on Wednesday 19th June talking about ProEnergyHomes.ie.

With this project the Credit Union is enabling more home owners members to retrofit their homes and improve their BER rating. Participating members benefit from low rate finance, easy access to grant funding and project managed alterations.

The clip from RTE News can be viewed here.

If your Credit Union would like to know more about the ProEnergy initiative, please visit www.proenergyhomes.ie or contact info@solutioncentre.ie.

CUDA presents to CBI’s Stakeholder Roundtable event – 17th June 2019

By | Owner Members, Representation

CUDA stated the current purpose of credit unions, and how the growing cost to serve, driven by increased regulatory related costs could prove detrimental to the system. The contradiction of all the stricter governance rules and new functions such as Risk, Compliance, Internal Audit, new F&P requirements, to name but a few, when we are permitted to do less business now than before these new requirements came in. Limits are so restrictive that we have situations where some credit unions are refusing good people good loans. Something has to change, we still hope that will come with enriched regulations following CP125 and other lenders who are creative in avoiding regulatory burdens, which may not be serving to protect the consumer. If their approach is not impacting on the consumer then perhaps such flexibility could be available to credit unions. We really need the alignment of credit unions evolving their business with proper regulatory requirements and limits.

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