Credit unions challenge directions
Mark Forde, a senior regulator in the Registry of Credit Unions, told the High Court Maynooth Credit Union was among a number of credit unions selected in 2012 for review because of “serious concerns” about its position. It was anticipated 150 credit unions will be reviewed by the end of this year, he said.
He denied Maynooth’s claim the issuing of regulatory directions to it in April and July 2013, arising from the review carried out by consultancy firm Deloitte, amounted to discrimination or failed to take into account its position as a community credit union.
