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Website. www.creditunion.ie. The Irish League of Credit Unions (ILCU) (Irish: Conradh na hÉireann de Chomhair Chreidmheasa [1]) is a trade association for credit unions in Ireland. It operates in both the Republic of Ireland and Northern Ireland. It is an unincorporated body governed by a board of directors elected by member credit unions.
The Irish Congress of Trade Unions (often abbreviated to just Congress or ICTU), formed in 1959 by the merger of the Irish Trades Union Congress (founded in 1894) and the Congress of Irish Unions (founded in 1945), is a national trade union centre, the umbrella organisation to which trade unions in both the Republic of Ireland and Northern Ireland affiliate.
A credit union is a member-owned nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (cheque accounts), credit cards, credit, share term certificates (certificates of deposit), and online banking.
According to Bank of England figures, the number of credit union members in Britain nearly doubled from 562,000 in 2004 to almost 1.04 million in 2012, while total assets increased from £ 432m to £956m. However, the number of active credit unions in Britain fell from 565 in 2004 to 390 in 2012. Some merged with rivals but others ceased ...
Mandate is a trade union representing retail, administrative and distributive workers in Ireland. The union was founded in 1994, when the Irish Distributive and Administrative Trade Union merged with the Irish National Union of Vintners', Grocers' and Allied Trades Assistants. [1] The merger was criticised by some members because the word ...
The Association of British Credit Unions Limited, commonly known as ABCUL, is the leading trade association for credit unions in Great Britain . ABCUL represents around 70% of credit unions who in turn provide services to 85% of the British credit union membership. [ 1] The Irish League of Credit Unions organises in Northern Ireland on an all ...
Credit unions are not-for-profit financial cooperatives. In the early stages of development of a nation's financial system, unserved and underserved populations had to rely on risky and expensive informal financial services from sources like money lenders, ROSCAs and saving at home. Credit unions proved they could meet demand for financial ...
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