Requirements and Guidance for Credit Unions 

The Registrar of Credit Unions regularly issues guidance to ensure compliance by credit unions with their legal and regulatory obligations. 

Requirements

• Regulatory Reserve Ratio - August 2009

Circulars

• Circular to Auditors re Annual Accounts of Credit Unions for the year ending 30 September 2009 - 11 September 2009 
• Clarification re Circular re Liquidity and Credit Policy - 6 February 2009 
• Circular re Liquidity and Credit Policy - 13 January 2009

Guidance Notes

These guidance notes are developed after extensive consultation with the stakeholders in the sector including the credit union representative bodies.

To date, the following guidance notes have been issued:

• Guidance Note for Credit Unions on Matters Relating to Accounting for Investments and Distribution Policy - April 2009
• Guidance Note on Credit and Credit Control for Credit Unions - October 2007
• Guidance Note on Investments by Credit Unions - October 2006
• Guidance Note on the Control, Direction and Management of Credit Unions - May 2005