Irish League of Credit Unions

The Credit Union movement in Ireland arose out of the Dublin Central Cooperative Society, which was formed in 1952 with the following office holders: Chairman: Thomas Hogan; Secretary: Seamus McEoin, a civil servant; and Treasurer: Eugene O'Riordan, an engineer and native of Macroom, County Cork.

Eugene O'Riordan remained as the treasurer and Nora Herlihy, a National School teacher from Ballydesmond, who had recently joined the society, was elected Secretary.

[2] The economy of the Republic was depressed, urban poverty and emigration were increasing, and the credit union movement was envisaged as a way to help working-class people manage their finances.

The Board of Directors is elected every two years, by means of a postal ballot of member Credit Unions in advance of the AGM.

Every two years at the ILCU Annual General Meeting, affiliated credit unions elect the Officers for the Board of Directors and members of the Supervisory Committee.

Working through the CEO and the Senior Management Team, the Board responds to the needs of the affiliated credit unions during their term of office.