EisnerAmper Webinar – The impact of COVID-19 on Credit Unions
EisnerAmper Ireland was delighted to host an informative and timely webinar today focusing on the financial impact of COVID-19 on Credit Unions and loan provisioning.
Many thanks to our panellists for their insightful contributions:
- Brian Corr, Head of Credit Union Policy at the Department of Finance. Brian provided an overview of the impact of COVID-19 on the Irish economy and also discussed how the Department of Finance is currently engaging with the sector.
- Fiona Cunningham, CEO of Member First Credit Union. Fiona discussed some of the key challenges impacting credit unions arising from COVID-19 and also shared her practical observations on considering and addressing these challenges.
- Anna Marie Finnegan, Head of Policy at the Registry of Credit Unions. Anna Marie shared some of the Central Bank of Ireland’s regulatory perspectives of the current environment.
- Diarmaid O’Keeffe, Partner, EisnerAmper Ireland. Diarmaid shared insights into how managers and directors can understand and demonstrably comply with their regulatory and financial reporting obligations in relation to provisioning for bad debts in a COVID-19 impacted economic environment.
Many thanks to our 140 participants who joined the webinar from across Ireland and who contributed to our Q&A session.
At EisnerAmper, we design and deliver business & compliance solutions to make trade happen.
At EisnerAmper Ireland, we provide a range of services and solutions to credit unions including: audit, asset & due diligence reviews, loan book reviews, governance & controls reviews, merger advisory services and professional training to Credit Union Boards, Chairs and Heads of Finance. If we can assist you or your business in any way, please do not hesitate to contact Diarmaid O’Keeffe.