Inquiry into Rush credit union can’t find winners of 15 cars; liquidators appointed over insufficient cash reserves

The High Court has agreed to appoint liquidators to Rush Credit Union, which is insolvent to the tune of €2.2m.

The Central Bank has this evening revealed that the credit union, which covers Rush and Lusk in Dublin, would have needed close to €5m in extra funds in order to meet its legal requirements for minimum reserves.