Appointment of ILCU Chief Executive Officer
Posted on: 15 Jul 2022
The Irish League of Credit Unions (ILCU) has appointed David Malone as its new Chief Executive Officer (CEO). Mr Malone who has served as Interim CEO for the last five months replaces outgoing CEO Ed Farrell who left the organisation in January having served as CEO since 2015.
Commenting on the appointment, ILCU President Helene McManus said, “I am pleased to announce the appointment of our new CEO David Malone following a highly competitive recruitment and selection process. David is a qualified Chartered Accountant and has significant financial and strategic leadership experience. We are delighted to have someone of David’s experience and calibre to lead the ILCU through its next phase of development. Working closely with the Board, David will oversee the implementation of the Board’s strategy along with the transformation of the organisation to deliver more effective and efficient services to our member credit unions.”
David said, “I am looking forward to taking up the role of CEO of the Irish League of Credit Unions. This is an exciting time for the Irish credit union movement in the changing financial services sector. The withdrawal of KBC and Ulster Bank from the market presents great opportunities for credit unions to expand their service offering not only in the personal lending market, but also across mortgages and SME lending. I firmly believe that the ILCU can play a leading role in facilitating credit unions to fully exploit these opportunities through greater advocacy and the development of collaborative approaches. I look forward to meeting and hearing from credit union Directors and CEOs as I embark on this journey with them.”
Note for Editors
1. The Irish League of Credit Unions, as the largest representative body for credit unions in Ireland, has 292 member credit unions in the Republic and in Northern Ireland