ILCU Statement on Central Bank’s Report on Thematic Fitness and Probity Inspections

Media Release: 06 February 2017

The Irish League of Credit Unions today notes the publication of the Central Bank’s Report on Findings of Thematic Fitness and Probity Inspections in Credit Unions. The full report is available to read here.

Credit union personnel are fully committed to upskilling and development in relation to Fitness and Probity to be the best they can be for their members, and the ILCU offers a range of supports and advice in this area.

In 2016, more than 5,000 credit union officers attended governance and operations training programmes run by the ILCU’s dedicated Learning and Development Department; CU Learning and Development (CU L&D). Over 460 students completed a qualification through the Pathways suite of accredited programmes, which are run by CU L&D in conjunction with University College Cork and the National College of Ireland. Further information on Pathways is available at http://www.creditunion.ie/pathways/.

A range of compliance based e-learning modules are offered by CU L&D every year, and were accessed over 12,000 times in 2016 alone. For more information on e-learning modules offered through the CU Learn Hub, see https://www.culearn.ie/portal/.

In addition, CU CPD was developed by the ILCU to provide credit union personnel with a means of organising and managing their ongoing Continuing Professional Development (CPD) requirements. The ILCU now has almost 3,000 people registered on CPD Scheme, who carry out over 45,000 hours of CPD training each year.

With additional compulsory roles created within credit unions in recent times, such as Risk, Compliance and Internal Audit, and with all Board members being now subject to Fitness and Probity requirements, the demand for training continues to rise. 

If you have any further queries, please do not hesitate to contact the Communications Department on 01 614 6700.

<< Return to 2017