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Credit Unions

By: Tom Leahy | Posted on: 07 Dec 2015

Credit Unions




We have a dedicated Credit Union team who have developed an expertise and specialism in the area of Credit Union matters. We believe we can add real value for Credit Unions at a time of significant change for the sector.

We understand that many Credit Unions are faced with huge uncertainty as to what lies ahead. We can help support the transformation agenda through our Change Management expertise while also supporting the needs of employees in terms of Training & Development. We have experience of the legislative framework applying to Credit Union, Restructuring, Insolvency, Securitisation and Compliance and are ideally placed to ensure that all of the legal & business issues arising from such a process are dealt with effectively affording Credit Unions and their members protection at all times.


Our objective is to support the ambitions of Credit Unions and to provide them with a new outlook on the regulatory & legal challenges facing them in an increasingly difficult and regulated world of financial services while also providing guidance on how to capitalise on the opportunities that will evolve from the change agenda.


Areas of Expertise where we believe we can add real value:



·         Credit Union Mergers

·         Credit Union Transfer of Engagements

·         Legal Due Diligence preparation and advice

·         Confidentiality Agreements

·         Advising your Credit Union through the Merger/Transfer process from start to completion

·         Involuntary Restructuring

·         We provide advice on the establishment of various Shared Service Structures and draft Agreements tailored to your needs.

·         Advices on Special Managements Orders and Transfer Orders




·         Full Employment Law audit to NERA (National Employment Rights Authority) standard

·         Explanation of the law in relation to Dismissal, Redundancy and Staff reorganisation

·         Advice on the obligation of Credit Unions and rights of Employees under the Protection of Employees Transfer of Undertaking Regulations 2003 and the introduction of the recent Workplace Relations Act 2015.

·         Post Merger Employment Law considerations

·         Examination of your Recruitment Policies

·         Carry out Pensions Due Diligence

·         Advise on Employment Law Due Diligence issues arising on a Merger or Transfer of Engagements to include an in depth review of Contracts of Employment, Policies & Procedures, Pensions


Corporate Governance & Compliance Matters.

·         Advisory Service on Corporate Governance and compliance with Legislation

·         Audit on Governance Policies and Procedures

·         Formulation of Organisational and Structural Policy

·         Formulation of Policies for implementation of Credit Union Commission’s Governance recommendations

·         Drafting of Compliance Manual and oversight of Compliance Function 



Loan Reviews/Securitisation

·         Securitisation reviews

·         Registration of charges

·         Enforcement of security

·         Securitisation Procedures and documentation




·         Professional Negligence Claims

·         Claims arising from losses incurred on Financial Investments

·         Class Actions


People Development & Training


Our dedicated Credit Union team offer tailor made on-site training workshops in your Credit Union. These workshops can be tailored specifically to your requirements and can be provided to all levels of your Credit Union structure, from general employees to Board of Directors. Our on-site workshops may cover the following: -

·         Explanation and analysis of the Employee Due Diligence process

·         Review of the Law relating to Staff Consultation and Staff Reorganisation

·         Provide Training for Management and Board of Directors on Insolvency Law

·         Provide in house Training for your Merger Team encompassing pre and post-merger employment considerations

If your Credit Union has an interest in a particular area or if you wish to arrange on-site training for your Credit Union then please contact us. We look forward to supporting your ongoing ambitions.