Latest Info Briefing Items
CUDA Comments on the Central Bank of Ireland’s Public Consultation on Proposed Lending Limit Changes
Commenting on the Central Bank of Ireland’s public consultation regarding significant changes to lending limits and underwriting requirements following the enactment of the Credit Union (Amendment) Act 2023, Kevin Johnson,…
Read More
CUDA Urges Political Parties to Abolish DIRT on Savings Below €10,000 to Promote Financial Resilience
As Ireland approaches the general election on November 29th, 2024, the Credit Union Development Association (CUDA) is calling on political parties to commit to abolishing Deposit Interest Retention Tax (DIRT)…
Read More
Credit Unions Welcome Deputy Governor’s Positive Remarks and Anticipate Upcoming Regulatory Changes
CUDA warmly welcomes the positive comments made by Deputy Governor Sharon Donnery in her recent speech, "Evolving with the times, credit unions in a changing landscape." Her recognition of the…
Read More
Helen Carbery Appointed CEO of Credit Union Development Association (CUDA)
The Credit Union Development Association (CUDA) has today announced the appointment of Helen Carbery as its new Chief Executive Officer. Helen steps into the role following the decision of Dr.…
Read More
20% Increase in Consumers using Credit Union Services
Following the publication by the Department of Finance of the Consumer Sentiment Banking Survey Report today, Kevin Johnson, CUDA CEO said “We are delighted to see a 20% increase in…
Read More
CUDA welcomes the publication of the ICURN report
CUDA welcomes the publication of this awaited ICURN peer review report. It contains several key recommendations which the Regulators Network believes will improve the effectiveness of compliance within credit unions.…
Read More
CUDA comments on CBI Financial Conditions of Credit Unions Report
Commenting on the ‘Financial Conditions of Credit Unions’ report, published by the Central Bank this morning, Kevin Johnson, CEO of CUDA (Credit Union Development Association) said “This morning’s report shows…
Read More
Credit Union Report Strong Mortgage Performance as borrowers seek out better deals
CUDA supported credit unions on track to provide €150m of new mortgage offers this year – the credit union sector will exceed €250m Average mortgage amount is €185,400 Average interest…
Read More
CUDA Comments on CBI Financial Stability Note on the Consumer Credit Market
The Central Bank today published their Financial Stability Note on the Consumer Credit Market, which provides some very interesting insights to the non-mortgage consumer credit market in Ireland. Commenting on…
Read More
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…
Read More
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…
Read More
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…
Read More
Bizfin – CUDA Credit Unions partner with Government in Ukraine Credit Guarantee Scheme
Credit Unions support local businesses impacted by the economic consequences of the conflict in Ukraine by partnering with the Department of Enterprise, Trade and Employment (DETE) on the Ukraine Credit…
Read More
Warning to Credit Union Members – Phishing Scam
CUDA, the Credit Union Development Association, and its member credit unions are committed to protecting you against the threats associated with various types of fraud. CUDA is advising credit union…
Read More
Customer-centered credit unions do not need rules made for bad bankers
By Kevin Johnson, CEO of the Credit Union Development Association It’s about five years since the Central Bank of Ireland (CBI) published a report on behaviour and culture in the…
Read More
CUDA comments on the CBI Report on Financial Conditions of Credit Unions
The Central Bank of Ireland have today (30th March 2023) published its ninth edition of the Financial Conditions of Credit Unions Report. Commenting on the Central Bank’s report on the Financial…
Read More
Warning to Credit Union Members – Phishing Scam
CUDA, the Credit Union Development Association, and its member credit unions are committed to protecting you against the threats associated with various types of fraud. CUDA is advising credit union…
Read More
CUDA welcomes the New Minister of State with responsibility for Financial Services, Credit Unions and Insurance
Credit unions have welcomed the appointment of Jennifer Carroll MacNeill as the new Minister of State at the Department of Finance with responsibility for Financial Services, Credit Unions and Insurance.…
Read More
Credit Union Development Association (CUDA) delighted to see publication of the Credit Union (Amendment) Bill 2022
Over many years credit unions have operated within outdated legislation – legislation not fit for purpose in a modern era. For some time now, CUDA has called on the Government…
Read More