On 25 September 2018, the Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, announced the appointment of four new members to the Credit Union Advisory Committee (CUAC), including Diarmaid O’Keeffe, Partner and Head of Audit, EisnerAmper Ireland.
CUAC advises the Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, in accordance with its mandate under Section 180 of the Credit Union Act 1997. CUAC was established in 1997 to advise the Minister for Finance regarding the improvement of the management of credit unions; the protection of the interests of members and creditors of credit unions; and other matters relating to credit unions upon which the Minister and the Central Bank may from time to time seek the advice of the Committee.
Speaking in relation to the appointments, Minister Donohoe stated; ‘These four new members ensure that the CUAC is well balanced in terms of diversity of experience and expertise which includes academia, business management and financial analysis, and will complement the existing members of the Committee who are Credit Union management. I wish the new Committee members well over the next three years and I am confident that they will make a valuable contribution to the CUAC’s work.’
The Committee members will hold office for three years from 1st September 2018 and will join two existing members who were appointed in December 2017. Others appointed to the panel included Lorraine Corcoran, Director, Afanite; Olive McCarthy, Senior Lecturer in University College Cork (UCC); and Seamus Newcombe, Chief Executive, Payac Services CLG.
To read the original press release from the Department of Finance, click here.
We have advised over 200 credit unions, including working with and auditing some of the largest credit unions in the state, advising in relation to the largest merger transactions and providing training and consulting services to Senior Management including those responsible for the Head of Finance role. If you have any questions in regard to EisnerAmper Ireland’s services to the Credit Union sector, contact Diarmaid O’Keeffe.