DUBLIN–The Irish League of Credit Unions has hired a management consultant to help it overhaul its operations. Eddie Molloy, who has advised the likes of Intel, Guinness, Rehab and Ibec, has been asked to produce a plan to change how the Irish League of Credit Unions operates, according to the Irish Independent, for which Molloy also writes a weekly column. The Independent reported that Molloy has been told to start “with a blank page and come up with recommendations for a strategic restructuring of the league by November.”
The move is being driven by the Irish League’s new president, Brian McCrory, a teacher from Belfast who was elected in April on a platform of reform of the movement.
The ICUL has 367 member credit unions in the Republic of Ireland, and also operates the deposit insurance fund, a rescue fund, and offers insurance products. Both the league and Ireland’s credit unions have been going through an extended period of difficulties, including a large number of mergers among CUs.
The Irish Independent reported that Molloy will be joined by 15 credit union representatives from around the country on a review committee, and that he will hold seminars, conduct 'town hall' meetings and meet members on a one-to-one basis.
"The league is like a house built in the 1950s. It is going to be demolished and rebuilt, with the input of members,” Molloy told the Independent.