Credit union manager’s suspension extended

The High Court has extended the manager of a Co Dublin credit union’s suspension from holding a management position in any financial-services firm by three months.

The order regarding Anne Butterly, who was temporarily suspended from her position at Rush Credit Union by the Central Bank in June

after investigations were launched into alleged irregularities there. It is thought more than €1m could be missing but it is not known who is responsible for any alleged wrongdoing.

Yesterday, following an application by Nuala Butler, counsel for the Central Bank, Ms Justice Marie Baker agreed there were “sufficient reasons” to extend Ms Butterly’s period of suspension by three months.

In her ruling, the judge said the concerns that gave rise to the Central Bank’s decision to open an investigation and suspend Ms Butterly are still present.

Additional concerns were also raised during the course of the investigation which is on-going and being carried out with “due diligence and skill,” the judge noted.

The court heard that Ms Butterly was not represented in court, and was in hospital following a serious accident.

The credit union has about 12,000 members.


Leopard print midi dresses and sequins swirled beneath glossy goddess hair and golden headbands as the great and the good of Cork gathered for ieStyle Live.Leopard print and sequins to the fore at inaugural #IEStyleLive event

You have a long half-term break ahead of you all, and there’s only so much screen time anyone in the family can handle. Everyone is going to need a book-break at some point or another.We reviewed some of the best new books to keep kids entertained over half-term

Sexual politics, snideput-downs and family rivalries are fuelling the trouble brewing in a small Midlands town.Charlie Murphy and Pat Shortt star in new Irish film 'Dark lies the Island'

Robert Hume tells of the eccentric MP for Athboy, Co. Meath – born 300 years ago this month – who thought he was a teapot, and was afraid his spout might break off.A strange brew of a man: The MP for Meath who believed he was a teapot

More From The Irish Examiner