Credit Unions

The Credit Union sector in Ireland continues to undergo fundamental change. While the worst of the economic storm brought about consolidation in the sector, those that remain continue to face significant challenges. Our dedicated team has identified the following key challenges that will continue to impact the performance of Credit Unions throughout the country:

  • Continued consolidation within the sector;
  • Legislative requirements and Central Bank regulation;
  • Efficient governance and strategic planning;
  • People strategy - availability of qualified staff and attracting new Board members with relevant expertise;
  • IT investment/transformation;
  • Promoting new products to attract new members and to ensure continued viability;
  • Lending restrictions and investment returns;
  • Competition from banks and other lenders.

Our dedicated Credit Union team has developed a set of proven strategic and tactical solutions aimed at assisting Credit Unions through these challenges. Our core solutions include:

  • Strategic reviews;
  • Co-sourced or outsourced risk based internal audit;
  • Asset reviews (loan book reviews, investments, fixed assets);
  • Governance and internal control reviews, including running corporate governance workshops;
  • Information and Communications Technology systems assessment;
  • Process evaluation and definition;
  • Statutory audits;
  • Talent recruitment and development;
  • Merger due diligence reviews.