Press release
Credit Union Advisory Committee (CUAC) - Expressions of interest for new members sought
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The Minister for Finance, Paschal Donohoe TD, is seeking to appoint two new members to CUAC from December 2020 for a three year term. Details of the appointment process are set out in the attached Information Booklet. The Information Booklet is also being advertised on the Public Appointments Service website.
Background
The appointment of a Credit Union Advisory Committee is a statutory requirement under section 180 of the Credit Union Act 1997. Section 180(3) provides that the Minister may appoint up to seven people to CUAC for such period as the Minister thinks fit. The main function of CUAC is to advise the Minister and such other persons as the Minister thinks fit in relation to:
a) the improvement of the management of credit unions;
b) the protection of the interests of members and creditors of credit unions; and
c) other matters relating to credit unions upon which the Minister, the Central Bank or such other persons, as may be specified by the Minister, may from time to time seek the advice of the Committee.
CUAC is a Committee which sits once a month in the Department of Finance and the Department provides secretariat. CUAC members receive a fixed annual fee paid on a quarterly basis as follows: €3,705 per annum (Chairman); €2,470 per annum (Ordinary member). Travel and subsistence expenses are paid in accordance with the Department's guidelines.
Expressions of Interest
The closing date for expressions of interest is 15.00pm on 16 October 2020.
Expressions of interest should be emailed to CreditUnions@finance.gov.ie enclosing a current Curriculum Vitae and cover letter. Shortlisting on the basis of written applications will apply.
In considering expressions of interest due regard will be given to Government policy on gender balance.
The Minister will not necessarily be confined to those who make expressions of interest received in response to this or any other notice.
