Menu
20/05/2004
Minister proposes Credit Union rules modernisation
Enterprise Minister, Barry Gardiner today set out policy proposals for updating Northern Ireland’s policy on Credit Unions and Industrial and Provident Societies.
Mr Gardiner said it was essential for such unions and societies to have a modern regulatory and policy framework which enables them to function without unnecessary hurdles.
“My Department has set out new proposals to develop a successful social economy sector and for the introduction of a new type of company - the Community Interest Company - to Northern Ireland," the Minister said.
"Today’s consultation document on Credit Unions and Industrial and Provident Societies is part of our commitment to develop a supportive and enabling regulatory environment which supports Northern Ireland’s social and economic development.”
The consultation period will run until 20 August 2004 and will involve dialogue with representative bodies, Credit Union and Industrial and Provident Society members, Government Departments and other interested bodies.
The comments and feedback from this first consultation will contribute to finalising new legislative proposals which will be issued for discussion later this year.
There are also currently 184 Credit unions in Northern Ireland with approximately 370,000 members with total assets in the region of £500 million.
(MB)
Mr Gardiner said it was essential for such unions and societies to have a modern regulatory and policy framework which enables them to function without unnecessary hurdles.
“My Department has set out new proposals to develop a successful social economy sector and for the introduction of a new type of company - the Community Interest Company - to Northern Ireland," the Minister said.
"Today’s consultation document on Credit Unions and Industrial and Provident Societies is part of our commitment to develop a supportive and enabling regulatory environment which supports Northern Ireland’s social and economic development.”
The consultation period will run until 20 August 2004 and will involve dialogue with representative bodies, Credit Union and Industrial and Provident Society members, Government Departments and other interested bodies.
The comments and feedback from this first consultation will contribute to finalising new legislative proposals which will be issued for discussion later this year.
There are also currently 184 Credit unions in Northern Ireland with approximately 370,000 members with total assets in the region of £500 million.
(MB)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
18 January 2002
CIPD urges stronger employer-worker relationships
Employers need to be aware of the latest legislation regarding trade union activity, in view of the recent industrial action by both rail and postal workers, the Chartered Institute of Personnel and Development (CIPD) has warned.
CIPD urges stronger employer-worker relationships
Employers need to be aware of the latest legislation regarding trade union activity, in view of the recent industrial action by both rail and postal workers, the Chartered Institute of Personnel and Development (CIPD) has warned.
12 November 2004
Credit card statements set to carry 'health warning'
Credit cards users will get a 'health warning' on their statements to help with their repayment plans under new guidelines to be introduced into the Banking Code, it has emerged today.
Credit card statements set to carry 'health warning'
Credit cards users will get a 'health warning' on their statements to help with their repayment plans under new guidelines to be introduced into the Banking Code, it has emerged today.
26 June 2002
Employment Minister praises work of Industrial Court
The Industrial Court, and in particular its new adjudication remit in recognition rights for trade unions, has been hailed by Employment Minister Carmel Hanna as providing a "sound foundation for the future of industrial relations" in Northern Ireland.
Employment Minister praises work of Industrial Court
The Industrial Court, and in particular its new adjudication remit in recognition rights for trade unions, has been hailed by Employment Minister Carmel Hanna as providing a "sound foundation for the future of industrial relations" in Northern Ireland.
30 June 2015
Dundonald Credit Union Celebrates 20 Years Of Service
The Mayor of Lisburn & Castlereagh City Council, Councillor Thomas Beckett, visited Dundonald Credit Union to celebrate its service to the Dundonald and Ballybeen communities for 20 years. The local credit union started in a community centre in Ballybeen in 1995 with 12 members.
Dundonald Credit Union Celebrates 20 Years Of Service
The Mayor of Lisburn & Castlereagh City Council, Councillor Thomas Beckett, visited Dundonald Credit Union to celebrate its service to the Dundonald and Ballybeen communities for 20 years. The local credit union started in a community centre in Ballybeen in 1995 with 12 members.
17 October 2012
Union Welcomes Credit Guarantee Scheme
SIPTU has welcomed the Government's decision to commence with a credit guarantee scheme for businesses but with over 435,000 on the Live Register believes much more must be done to get people back to work.
Union Welcomes Credit Guarantee Scheme
SIPTU has welcomed the Government's decision to commence with a credit guarantee scheme for businesses but with over 435,000 on the Live Register believes much more must be done to get people back to work.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
