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...

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