BUNDABERG, Queensland, Australia–A bank here is attempting to takeover a credit union—and offering members approximately $7,800 each to sign off on the deal.
THE globe
CU News From Around the Planet
BARREAL DE HEREDIA, Costa Rica–Fiserv announced that a web-based application created during the Fiserv 2nd Annual Programathon will further the education of 50,190 schoolchildren in Costa Rica, Honduras and Nicaragua.
KANTURK, Cork, Ireland–Kanturk Credit Union here is paying its members a 10% rebate on loan interest paid during 2015.
AUCKLAND, New Zealand–Co-op Money NZ, the trade association for this country’s credit unions and mutual building societies, said it welcomes a draft of the Regulatory Systems Amendments Bill by the Ministry of Business, Innovation and Employment (MBIE).
SANTO DOMINGO, Dominican Republic–This country’s Credit Union Association and Credit Corporations, ABANCORD, hosted a meeting on "Corporate Governance: the new role of the board of directors," at the Sheraton Hotel here.
BLACKROCK, Ireland–A merger here that would have created one of the largest credit unions in the country has been rejected.
MADISON, Wis.–The World Council of Credit Unions has sent a comment letter to the International Accounting Standards Board in response to its Conceptual Framework for the Financial Reporting Exposure Draft in which it argues that at least some types of credit union shares qualify as equity on an accounting basis, such as the U.S. corporate credit union capital shares.
BUCKINGHAM, U.K.–The Buckingham Council Cabinet has approved £30,000 in funds for a “rent-in-advance” program, with the funds to be accessible via a credit union.
BELFAST, Northern Ireland–Even as they are worried over paying their heating bills this winter, the average Northern Ireland consumer will still be paying bills related to Christmas well into March of 2016, according to research done by the Irish League of Credit Unions.
DARTMOUTH, Nova Scotia–Two credit unions here have agreed to merge after a previously announced merger that would have involved a third CU was rejected by members.