C.U.M.A. welcomes the appointment by the Minister for Finance, Mr. Michael Noonan T.D., of the Credit Union Restructuring Board, ReBo.
A spokesperson for C.U.M.A. said: “The Credit Union movement continues to serve the people and communities of Ireland. The movement needs to be restructured so that it can continue to serve as a not for profit co-operative provider of financial services and so that it can expand into other areas to meet it’s members’ changing needs. The ReBo Board named by the Minister is a particularly strong blend of expertise and experience, designed to achieve the necessary restructuring required. C.U.M.A. wishes the ReBo Board well in it’s work and looks forward to co-operating with it.”
The ReBo Board will commence it’s work and have it’s first meeting on Friday, 28th September 2012.
The Board is made up of the following:-
- Bobby McVeigh, Chairman, former WOCCU President
- Brendan Burke, Accountant, former C.O.O. Rabo Ireland and Netherlands, and former C.O.O. Mediobanca UK
- Elaine Byrne, Deputy Registrar of Credit Unions
- Pat Fay, Director, ILCU, former Head of Monitoring
- Kevin Johnson, CEO, CUDA, former member of the Commission on Credit Unions
- Jimmy Johnstone, President, ILCU, former Treasurer and Vice President of ILCU
- Tom Kavanagh, Insolvency and Forensic Accountant Specialist
- Eoin McGettigan, Retail and Wholesale specialist and Chairman of Clearys
- Tim Molan, NEC, CUMA, Credit Union Manager, former member of the Commission on Credit Unions
- Stephen O’Donovan, Accountant, specialist in Corporate Finance and Restructuring, Credit Union Treasurer
- Joe O’Toole, former Senator, founder director INTO Credit Union, former member of the Commission on Credit Unions
- Kathleen Prendergast, Credit Union Director, member of Social Enterprise Task Force, ACCUP tutor
- Neil Ryan, Department of Finance, formerly Executive Director UBS Investment Bank and CEO Wells Fargo Bank Dublin