merrion street

The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, has requested current members of the Credit Union Advisory Committee (CUAC) to extend their term for one year until September 2018 to further assist in implementation of the recommendations in their 2016 report - Review of Implementation of the Recommendations in the Commission on Credit Unions Report- and to assist in the transition to new members.

The Minister has also requested that two additional members be appointed to CUAC promptly for a three year term. Details of the appointment process are below.

CUAC will continue to be chaired by Professor Donal McKillop.
Committee members are as follows:

• Mr Donal McKillop, Chairman, Professor of Financial Services in the School of Management at Queens University, Belfast.
• Ms Denise O’Connell, Partner, Audit and assurance services - Grant Thornton.
• Mr Joe O’Toole, Former Senator. Previously served as General Secretary of INTO and President of ICTU.

Commenting on the reappointments, the Minister said: ‘I am reappointing the current Credit Union Advisory Committee members for a one year period to enable consistent implementation of all recommendations made by the Committee in its substantial Review of Implementation of Recommendations in the Commission on Credit Unions Report. I wish the Committee well in its work over the next twelve months and I am confident that they will each continue to contribute to the work already commenced’.
“I look forward to receiving regular updates on CUAC’s work, which is currently supporting the development of the movement into the future.”