Former Rush Credit Union manager banned from working in financial services

The former manager of Rush Credit Union has effectively been banned from working in financial services.

It follows an investigation into the north County Dublin branch which was wound up last year.

The Central Bank has issued an indefinite 'prohibition notice' on Anne Butterly from working in the financial sector.

The Credit Union she ran in Rush went bust last year after a series of allegations of mismanagement.

It was €2.2m in debt and liquidators were also trying to find out who won 15 cars, worth €220,000, which were supposed to be draw prizes.

After an investigation into unauthorised transactions, the regulator has effectively banned Ms Butterly from working in the sector.

She cannot take on any decision-making role in banking, investment, or insurance.

The Central Bank says the outcome shows its regulatory powers extend to individuals and not just firms.

More in this Section

Police hailed for bravery after rescuing man from car in Lough Neagh

Refurbished Bewley's Café 'to feature chocolate factory and bakery'

Locals in Belfast suburb heard murdered woman's screams, says MLA

Party to celebrate history of Moore Street today

Today's Stories

No Government jet for freed Halawa

Garda officers may sue for right to strike

Rail unions vote for industrial action

‘We are on our knees after this ... we need help’


A helicopter put a piano on the 150-foot roof of Blarney Castle and other stories from the Cork Jazz Festival archives

Jazz Memories: Famous faces share their favourite moments

Live music review: The Horrors - Icy genius in a thrillingly intimate setting

Choosing a sheltered spot for Maples is vital

More From The Irish Examiner