Revelations that more than half a million euro has been stolen from accounts in two Cork credit unions should lead to an external review of the governance of both institutions.

Gurranabraher Credit Union (GCU) is the second credit union in Cork in less than a week to confirm it has referred investigations to both the gardaí and the Central Bank.

A credit union staff member has been dismissed after the discovery of alleged financial irregularities of up to €200,000.

A landmark church in Cork City is at risk of crumbling unless it receives an urgent cash injection.

One of Cork’s largest credit unions has launched a €50,000 sponsorship fund to help celebrate its 50th anniversary.

SIX members of a Cork city credit union who failed to repay borrowings were sentenced to jail during the year.

TWO members of a Cork city credit union who failed to repay borrowings were sentenced to prison in the past two months.

A MORE than 50% drop in profit at a Cork city credit union means members will not receive either a dividend or loan interest rebate in 2011.

ONE of the country’s largest credit unions faces a legal battle with its insurers to recoup more than€1.75 million spent on a combination of legal fees and settling cases taken by former disgruntled employees.

ONE of the country’s largest credit unions has launched a range of online banking services to give its members more control of their money.

CHANDELIERS from the White House, inspiration from the Gaudi House, a deposit from Gurranabraher Credit Union and the redevelopment of arguably Cork city’s best known night spot.

A MAN who devoted his entire working life to a college was honoured with an honorary masters degree yesterday.

GARDA investigation is underway into the alleged misappropriation of thousands of euro from a Cork city credit union by a former employee.

THE Ombudsman was forced to contact the gardaí after the former credit union watchdog ignored repeated requests to release a report under the Freedom of Information Act.

THE regulator of credit unions has emphatically rejected a claim that he installed a puppet board in a Cork city credit union to enforce his own agenda.

THE makers of a powerful documentary on an attempted political coup in Venezuela were yesterday announced overall winners of the 2003 ESB Media Awards.

THOSE involved in the Gurranabraher Credit Union row involving the sacking of two of its executives, were advised by a High Court judge to try to avoid a protracted dispute in public by settling the issues outside the court before the case resumes today.

ONE of the country’s biggest credit unions granted almost €2 million in loans in breach of its internal lending policy, according to evidence produced before the High Court yesterday.

THE chairman of a credit union that fired its two managers for misconduct has been accused of orchestrating a campaign to blacken their names.

GARDAÍ have been asked to investigate an alleged case of money-laundering through an account held at one of Cork’s largest credit unions.

A CREDIT union board of directors that refused to resign against members’ wishes face a second threat to their positions in three months’ time.

TWO senior managers of a Cork city credit union were yesterday fired by its board of directors following an independent investigation into management practices.