Central Bank increases the Industry Funding Levy
The Central Bank have advised credit unions of increases in the Industry Funding Levy for 2019 and future years. This charge will increase annually for the next few years.
The Board of the Lough Credit Union wish to note their considerable dissatisfaction with the Minister for Finance’s decision to increase these charges and suggest that Members contact their Public Representatives to voice their dissatisfaction with these increases. Increases of these sizes seriously affect the Lough’s Credit Union ability to pay dividends to its Members.