The credit union movement should be subjected to a four year restructuring process, the Commission on Credit Unions recommended in a report published today.
A new Restructuring Board should be established to facilitate the process but it would not be the board’s function to “shepherd” individual credit unions that were small or in difficulty, into “an arranged marriage” with other credit unions, commission chairman Prof Donal McKillop told a press conference.
An operational team working on the ground would act as a catalyst for the restructuring of the credit union movement, he said.
