Commission extends Irish credit union resolution scheme
Announcement comes as it emerges 100 credit unions are now live with Cusop system
Credit unions will be only institutions to pay into bailout fund
Banks were also due to pay into rescue fund before measure was overtaken by European events
Europe extends Irish credit union resolution scheme
Commission has given green light to extension of scheme until June 30th
Credit union creditors and staff ‘not affected’ by transfer of business
Central Bank gets court order moving business from Howth Sutton Credit Union
Court orders transfer of business from Howth Sutton Credit Union
Central Bank had serious concerns about financial stability of institution
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