€2.5m windfall for Cork credit union members
Gurranabraher Credit Union will announce details on Tuesday of a plan to repay contributions, totalling some €2.5m, made by its estimated 15,000 members into the DBI scheme it operated between 2003 and 2019, when a law change forced the scheme to cease. Picture: Larry Cummins
Members of one of Cork’s biggest credit unions are set for an unexpected windfall from a former death benefit insurance (DBI) scheme it had to close.
Gurranabraher Credit Union will announce details on Tuesday of a plan to repay contributions, totalling some €2.5m, made by its estimated 15,000 members into the DBI scheme it operated between 2003 and 2019, when a law change forced the scheme to cease.
