Protest at Kildare Credit Union


About 80 angry members of Newbridge Credit Union protested outside the office last Friday morning 26th April  to demand a meeting with the Board of Directors and the special manager. People also protested against fees arising from the appointment of Luke Charleton.

Charleton of Ernst & Young was appointed to run Newbridge Credit Union in January 2012.  Since he was appointed to the Credit Union  his fees have exceed 2 million Euro. Charletion will also receive an additional sum of almost 144,000 Euro to cover fees and expenses for 12 weeks to April 7th last.  A local éirígí spokesperson said the sums are enormous from the point of view of a credit union with small depositors.

“Next Friday we will hand a letter into the special manager to request his and the Board of Directors presence at a meeting to be held in the Keadeen Hotel on Friday, May 10 at 8pm,” said organiser Jason Turner of local political party Tuas Nua, a group formed out of the departure of a number of Kildare members of Sinn Fein.  “The credit union belongs to the members. An AGM could not be held for the past two years as the reserve was not there and we want to know why the reserve wasn’t there? There are rumours out there about lending to property developers but the credit union is not a [commercial ] bank. The ball is in their court and I expect them to turn up. . .”

Posted on May 1, 2013, in 21st century republicanism and socialism, éirígí, Corruption, Economy and workers' resistance, Irish politics today, Public events - Ireland, Social conditions, twenty-six counties. Bookmark the permalink. Comments Off on Protest at Kildare Credit Union.

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