Irish League of Credit Unions: No more cases like Rush on horizon

The Irish League of Credit Unions (ILCU) has said that it foresees no other cases like the recent scandal at Rush Credit Union in Co Dublin emerging on the horizon amongst its members.

Rush — which had over 11,400 members with savings of €24m — entered provisional liquidation in October over allegations of money laundering and financial misappropriation.

Speaking yesterday on the back of a strong set of annual figures for the wider credit union movement, ILCU chief executive Ed Farrell said: “While what happened at Rush Credit Union is regrettable, it is important to put it in context.