St. Mary's Navan Credit Union is a founding member of CUDA, an organisation which currently represents 10 Credit Unions countrywide which in aggregate terms comprise of almost three hundred thousand members and approximately €1 billion in assets. CUDA, which is the only legally incorporated representative association for Credit Unions in the Republic of Ireland has, inter alia, the following key objectives included in its registered rules:
- To promote the development of its member Credit Unions and to safeguard their interests.
- To liaise with statutory regulators, legislators and other relevant bodies on behalf of its member Credit Unions.
- To provide or arrange for the provision of any service or services which adds benefit or value to Credit Unions and their members.
CUDA is recognised by the Financial Regulator and the Department of Finance as the Representative Association of choice of its member Credit Unions.
The President of St. Mary's Navan Credit Union - Jacqueline Mc Cormack, is a member of the CUDA National Council. In addition, the Manager of St. Mary's Navan Credit Union - James Watters, is also a member of the CUDA Management Committee.
At a time of significant change and opportunity for Credit Unions your Board of Directors sees CUDA's emergence as a most positive development for St. Mary's Navan Credit Union and the Credit Union movement generally. We look forward to CUDA's continued development in 2008.
|
