Staff emerge as winners in almost one third of credit unions who ran prize raffles: report

Staff have emerged as winners in 30% of the credit unions who ran prize raffles over a three year period, according to a Central Bank report.

The report reveals that 46% of credit unions were found to run prize draws and that in 30% of these credit unions, a staff member or a director won a prize.

Some of these prizes were cars.

The Central Bank report reviewed the draws over the period of October 2014 to March 2017.

It was launched following the €2m financial scandal in 2016 surrounding the now bust Rush Credit Union when winners of 15 car draws could not be located by investigators.

- Digital Desk