Cavan woman appointed to CU role
Therese Conway has 15 years’ senior management experience in the Credit Union sector.
In one of his last acts as Minister for Finance, Jack Chambers TD, announced the appointment of the following two new members to the Credit Union Advisory Committee (CUAC), one being Therese Conway, the CEO of Cavan Credit Union
The other appointee to join Ms Conway on the committee is Professor Brian O’Kelly , Emeritus Professor of Finance at DCU Business School.
Ms Conway has 15 years’ senior management experience in the Credit Union sector.
Professor O’Kelly meanwhile has over 20 years' experience in the financial markets with AIB Capital Markets, Wells Fargo Bank International and Permanent TSB.
The new CUAC members will hold office for three years, beginning January 1, 2025, and the twpo new committee appointments will replace two outgoing members- Seamus Newcombe and Dermot Griffin.
In addition to the appointment of Ms Conway and Professor O’Kelly, Minister Chambers has reappointed three of the existing members of CUAC, also with effect from January 1.
They include Lorraine Corcoran , Chair of CUAC, Director Afanite, reappointed for a three-year term; Dr Olive McCarthy , Senior Lecturer, UCC Centre for Co-operative Studies, reappointed for a one-year term; and Diarmaid O’Keeffe , Partner at EisnerAmper Ireland, reappointed for a three-year term.
The CUAC is an important advisor to the Minister on credit union issues and has undertaken wide ranging research in relation to the credit union sector.
The CUAC meets on a monthly basis in the Department of Finance, with the Department providing secretariat. It regularly invites Credit Union stakeholders to meetings to share their views on various topics.
Currently CUAC are carrying out an assessment of the implementation of the 2023 Credit Union Amendment Act.
Minister Chambers thanked the outgoing members for their hard work and congratulated the new members stating and congratulated Conway and Professor O’Kelly on their appointments to the Credit Union Advisory Committee. “Ms Conway and Professor O’Kelly will bring a wealth of invaluable experience to the committee at an important time for Credit Unions in our country. I also wish to acknowledge the contribution made by Mr Newcombe and Mr Griffin during their time on the committee and sincerely thank them.”
Minister of State with responsibility for Financial Services, Credit Unions, and Insurance, Neale Richmond TD thanked the CUAC for their ongoing work: “I would like to thank CUAC for their ongoing work and I look forward to their first report on the Credit Union Amendment Act. I would like to congratulate Ms Conway and Professor O’Kelly on their appointments and want to thank Mr Newcombe and Mr Griffin for their contributions to CUAC and to the Credit Union sector.