Credit union board tenure in doubt

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

Members of Gurranabraher Credit Union in Cork city passed a motion of no confidence in the board on Monday night followed by a second motion calling for the removal of all directors. A motion of no confidence in the supervisory committee was also passed at the AGM. However, the board was able to withstand the challenge because credit union law requires a special general meeting for the purpose of removing either directors or members of the supervisory committee. It also requires that the credit union secretary gives written notice of the motion to the director/s concerned 21 days

before the date of the SGM.