12 year Rule

[Ronaldo Barbi]

Anyone know how this works seeing as the close off is this year for Directors and Oversight members?

 

[ClubMan]

Explained here?

https://www.centralbank.ie/docs/default-source/regulation/industry-market-sectors/credit-unions/credit-union-handbook/cu-handbook-governance.pdf

 

[Ronaldo Barbi]

Thanks Clubman, I'm struggling to understand the detail. Can someone who was a CU Board Member in March 2014, and has been a board member continually since then, be elected in December 2025 beyond March 2026? Or do all 12 year vets have to go in March '26? Sorry for being a bit slow.

 

[Fionclaire]

This was brought up at our credit union AGM last year, I will try and pull out the AGM booklet we received, but in the meantime, this might help also.

Credit Unions

Credit Unions Dáil Éireann Debate, Tuesday - 27 May 2025

www.oireachtas.ie

 

[24601]

Can someone who was a CU Board Member in March 2014, and has been a board member continually since then, be elected in December 2025 beyond March 2026?

Any director that reaches 12 years in March 2026 will not be eligible for re-election at the next AGM but can serve out their current term. If a director that has been in-situ since March 2014 was re-elected in December 2025 for the maximum 3-year term, they can serve until December 2028 but will then have to retire.

 

[Ronaldo Barbi]

Thanks to all for the clarification.