Spain trip to cost credit unions €25k

THE Irish League of Credit Unions (ILCU) is to spend €25,000 of members’ funds to finance the cost of sending 12 delegates and five of their spouses to an overseas conference.

The fee will cover the flight and accommodation costs of nine members of its board of directors and three members of its supervisory committee. It also includes the cost of flights, but not accommodation, for five of the delegates’ spouses. ILCU declined to say which delegates were bringing spouses.

Defending its decision to send such a sizeable delegation to Barcelona, Spain, at a time when credit unions around the country are warning of inability to pay dividends, a spokesperson for ILCU said yesterday the league believed there was “enormous benefit in this year’s event”, given one of the main themes is “how credit unions and financial sector leaders are securing credit union members’ futures in light of the current economic crises”.