Rush sparks report on credit union prize draws

Rush sparks report on credit union prize draws
Rush Credit Union members were refunded over car draw concerns

Staff and directors won prizes at 30 per cent of the credit unions which operated prize draws, according to a Central Bank review

A Central Bank review of prize draws held in credit unions has found instances of poor record-keeping, a lack of transparency and poor oversight by boards.

The inspection followed problems identified in 2016 in some credit unions, including in Rush, where €450,000 was returned to members after some disputed the deduction of money from their accounts for a car draw. A review could not locate details of draw winners, with no information published on the...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription


For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription


For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription


For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post