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Credit Unions ranked as Number One in 2023 RepTrak® study

By Latest News

Credit unions have been ranked as number one among the top one hundred most highly regarded organisations in Ireland, in the Ireland RepTrak® 2023 annual study. Credit Unions have consistently featured in the top two of the annual study for the past five years.

The Ireland RepTrak® 2023 annual study is based on a survey of more than 5,500 members of the public which gathered data on the levels of trust, respect, admiration and esteem they have for organisations in Ireland.

In achieving the top spot in the 2023 study, credit unions took the top spot overall as the most reputable organisation in Ireland with an excellent Reputation Pulse score of 82.8. credited with being a cornerstone of local communities with over 3.6 million members. The public acknowledged the trust that members place in their local credit union and their friendly people focused approach.

Commenting on the study, David Malone, CEO of the Irish League of Credit Unions said, “The results of the 2023 RepTrak study are a significant achievement for the credit union sector, and once again a recognition of the role that we play in communities across Ireland. We are delighted with the results, which positions us as a leader among some of the most prominent organisations and household names in Ireland.

“The RepTrak survey emphasises attributes such as trust and respect, which are core to the ethos of credit unions which are locally owned, and, or managed. With over 3,000 Credit Union employees and 2,300 volunteers, we are proud to be at the heart of communities nationwide working towards a more inclusive society, where no one is left behind.

“As we look to the future and the development of our offering to communities, this achievement is an important barometer of the sectors success to date and future opportunity for credit unions and those that we serve across Ireland”

Job Vacancy – Compliance Officer

By Jobs, Latest News

This is an excellent opportunity to join a leading and ambitious credit union in Co. Galway.

The role offers opportunities for professional and career growth and an opportunity to do deep work in compliance.

Role Summary:

The role primarily involves developing the work of compliance and deepening and enhancing a sustainable compliance programme together with regular reporting and liaising with the CEO and Board of Directors.

The Compliance Officer assists the credit union in accomplishing its objectives by bringing a systematic, disciplined approach to the evaluation and improvement of the effectiveness of compliance, control and governance processes and ensures compliance with legislative and regulatory requirements, and the embedding of a compliance culture across the credit union.

About the Credit Union

The credit union is a leading credit union in the west of Ireland with assets of €126 million, and a staff of 25. Among its core values is the promotion of financial wellbeing of members as well as developing healthy communities that are socially, economically and environmentally sustainable. Its compliance programme is well developed, and the credit union requires a skilled professional to continue and further develop its compliance programme and activities.

Reporting to:

The successful candidate will be part of the management team and report directly to the CEO.

Main Responsibilities:

  • Develop, document and implement an effective compliance system including strategy, compliance plan, policies and procedures, and develop an effective compliance programme
  • Develop and implement AML and MLRO strategies and systems, and ensure compliance with these systems
  • Undertake and assist the Boards of Directors in the development and implementation of compliance strategy
  • Attend at Board meetings as required
  • Foster and encourage a culture of compliance in the credit union
  • Carry out the duties of the Compliance Officer as set out in the Central Bank Credit Union Handbook
  • Stay up to date with all statutory and regulatory requirements and guidance which may impact the credit union and advise the Board of Directors and CEO in a timely manner
  • Develop and implement an annual compliance plan including systems and controls to ensure the credit union complies with statutory and regulatory requirements and guidance
  • Develop and implement a detailed work programme and resources required to implement the compliance plan
  • Monitor the activities of the credit union under the compliance plan and report to the Board of Directors on a regular basis, at least quarterly
  • Monitor the systems and controls in place to ensure officers comply with any applicable individual legal and regulatory requirements and guidance
  • Undertake role of internal liaison for the outsourced risk management and GDPR support services and manage the delivery of open/action items
  • Monitor the member complaints process
  • Develop, document and implement the testing processes
  • Report compliance exceptions and breaches to the Board of Directors and the CEO
  • Review proposals in relation to new products and services, material modifications to existing products and services and major management initiatives to ensure compliance with current and planned statutory and regulatory requirements and guidance, and update the compliance policy and plan to take account these developments
  • Ensure that ongoing staff training is being undertaken to ensure that all staff have the necessary knowledge to comply with their statutory and regulatory requirements and meet the compliance requirements of the credit union
  • Support the Directors and CEO in meeting their compliance requirements in accordance with legislation
  • Build professional working relationships with the Central Bank, internal auditors, other statutory and professional bodies and the Irish League of Credit Unions

Person Requirements

The ideal person will have a strong academic background, preferably at Degree level, and a relevant professional qualification in compliance (LCOI/ACOI etc.).

Candidates must have an established and proven track record of success over at least 3-5 years in compliance or audit, either within financial services, banking or credit union sectors or other regulated sectors.

In addition, the ideal person will:

  • Be highly analytical and have excellent critical thinking skills
  • Have excellent skills in evaluating information to determine compliance with standards
  • Have excellent report writing skills
  • Have strong oral communication and relationship building skills, and an ability to work successfully with the Board of Directors, CEO, management and frontline employees, the Central Bank, and internal auditors
  • Have an excellent problem sensitivity to be aware when something is wrong
  • Have a strong business and commercial sense
  • Be very computer literate and savvy as a user of general and analytical software relevant to the role
  • Be highly organised
  • Be able to meet deadlines

Contract Duration

This is a full-time permanent role.

Working Hours

The role is permanent and full-time, 5 days over 6, Mon-Sat, 37.5 hours per week, one Saturday per month.

Salary and Benefits

The credit union will offer an attractive salary and benefits commensurate with the role. Salary is negotiable based on qualifications and relevant experience and is benchmarked with the market.

Location

The role is based at the credit unions offices, Ballinasloe Credit Union, at Main Street, Ballinasloe, Co. Galway, H53 VK18.

Your Next Step

Apply here and Eimear from CollierBroderick, the credit unions’ recruitment partners, will be in touch with you shortly.

Confidential Discussion

If you like a confidential discussion to discuss the role, please call Eimear at CollierBroderick at 01 8666426.

Closing Date

The closing date for applications is Friday 5th May.

APPLY NOW

Easter Opening Hours

By Latest News

Our Easter Hours are as follows:

Good Friday April 7th – CLOSED

Easter Saturday April 8th – 9:30am – 4:30pm

Easter Monday April 10th – CLOSED

We’d like to wish all our members a very Happy Easter.

Job Vacancy – Finance Officer

By Jobs, Latest News

Ballinasloe Credit Union is a progressive financial services provider with over 19,500 members and total assets of €127 million. Our offices are based on the main street in the heart of the community in Ballinasloe. Our core value is to promote the financial wellbeing of our members, while at the same time helping to develop healthy communities that are socially, economically and environmentally sustainable. To achieve this purpose, the Credit Union is committed to providing a broad range of innovative financial products and services.

Principal responsibilities of the role:

The Finance Officer will report directly to the CFO and will have responsibility for the delivery of timely and accurate financial management reporting and regulatory reporting along with elements of day-to-day operations of the finance function. The appointee will work with the CFO to ensure that our financial management is in line with regulatory and industry best practice.

Key Responsibilities:

  • Preparation of monthly, quarterly, and annual management and statutory accounts to include Income & Expenditure Account, Balance Sheet, and other strategic and financial KPI’s as may be specified
  • Assist in preparing and monitoring monthly and annual budgets, including reporting on variances from budgets and projections to actual results
  • Preparation of bank reconciliations and journal entries
  • Processing purchase invoicing, accounts payable and reconciliation of creditor accounts
  • Ensuring effective processes and controls are kept in place to accurately measure and report financial performance
  • Maintain investment register and review regularly with CFO
  • Support the CFO and other areas of the Credit Union by providing analysis of financial information and associated data
  • Continuous improvement – identification of opportunities for improvement of analysis and reporting and implementation of efficiency models
  • Support the CFO by providing analysis of financial information, with the provision of ad hoc reports that will lead to new business initiatives
  • Ensure that regulatory returns are completed & submitted in an accurate and timely manner
  • Attend training programmes and workshops as required by the credit union
  • Maintenance of policy and procedure documentation in relation to the finance function.
  • Support the CFO in any undertakings pertaining to the Credit Union
  • Other ad hoc duties as required

The Person

Accounting Technician with minimum of 2 years’ industry or relevant practice experience. Experience in financial services would be ideal.

Typically, you will have:

  • High level of accounting and financial analysis knowledge.
  • A commitment to ongoing learning and self-development including developing a thorough understanding of the rules and regulations pertaining to credit unions.
  • A clear appreciation of customer/member centricity and the role the Finance function plays
  • Proficiency in Microsoft Office suite, especially Excel.
  • Excellent report writing and presentation skills with strong attention to detail and a solutions-oriented approach and ability to multi-task and work calmly under pressure to meet deadlines.
  • Excellent interpersonal skills; can work effectively as part of a team but willing to take personal accountability.

Salary and Benefits

  • Competitive salary
  • Hybrid working
  • Defined contribution pension scheme
  • Permanent Health Insurance scheme
  • Critical illness cover
  • Death in service benefit
  • Ongoing training and development

Please send your CV and cover letter to hr@ballinasloecreditunion.ie.

Closing Date: April 3rd, 2023

Vishing Scam

By Latest News

FIU Ireland has been notified of a “vishing scam” whereby persons are receiving calls from mobile phone numbers with a recorded message stating the caller is from the “Garda FIU” and that “suspicious transactions” have taken place on “your account”.

The recorded message requests the person to “dial 1” to rectify the issue.

The calls, which are obviously not from FIU Ireland, are coming from different mobile phone numbers including 086-7652500, 087-2742110 & 089-9412301.

Please hang up immediately.

#BCU #VishingScam

National Cultivate Week

By Latest News

National Cultivate Week is a celebration of the credit unions’ commitment to the farming community.

Taking place from 27th March – 2nd April 2023, National Cultivate Week will bring credit unions and their community members together nationwide to celebrate farmers and the contribution they make to our local economies and the agricultural sector.

There is a host of exciting national and local events planned across the 46 Credit Unions providing Cultivate farm finance, as well as online through the Cultivate website and social media pages.

Cultivate Week Webinar

Our National Cultivate Week webinar Farming Outlook Spring 2023 will take place on 29th March 2023 from 8pm-9pm.

This promises to be a dynamic and engaging event outlining the latest schemes for farmers, trends in capital investment and useful tips for managing cash flow.

Speakers include:

  • Breian Carroll, General Secretary ACA and Agricultural Advisor
  • Philip O’Connor, Head of Farm Support ifac
  • Adam Woods, Irish Farmers Journal Beef Editor

Sign-up for our Cultivate Webinar.

Job Vacancy – Business Data Analyst

By Jobs, Latest News

We are looking for a Business / Data Analyst to join our team to help us improve efficiency and effectiveness by mapping current operational processes and procedures, identifying, developing, and documenting process improvement changes. You will collect and interpret transactional data and information about market conditions, consumer behaviour and other business critical KPI’s. You will bring technical expertise to ensure the quality and accuracy of that data, then present it in ways to help the Credit Union make better Operational & Strategic decisions.

Ultimately, you will work to provide ways for us to improve efficiency, accelerate growth and improve member service.

Responsibilities

  • Mapping and evaluating current business processes & procedures, uncovering areas for
    improvement, and developing and implementing solutions.
  • Working with the Operations team to improve member service by reducing wasted time and
    resources.
  • Staying up to date on the latest process and IT advancements to automate and modernise business
    processes and systems.
  • Prioritising initiatives based on business needs and requirements.
  • Working with the Business Development & Marketing team to inform and develop marketing strategies.
  • Generating reports from single or multiple systems
  • Designing market and consumer surveys.
  • Gathering, analysing, and interpreting marketing data.
  • Preparing detailed reports on consumer behaviour, competitors’ activities, outcomes, and income growth opportunities.
  • Working with the Compliance team to improve compliance across all business functions.
  • Designing & generating appropriate reports to support AML Compliance framework
  • Gathering, analysing, and interpreting transactional data to support AML transaction monitoring framework.
  • Managing competing resources and priorities.
  • Monitoring deliverables and ensuring timely completion of projects.
  • Effectively communicating your insights and plans to cross-functional team members and management.

Business / Data Analyst Requirements:

Must Have

  • A bachelor’s / Master’s degree in Computer Science, Business or a related field.
  • Excellent research, analytical, conceptual thinking, and data interpretation skills
  • Advanced technical & documentation skills.
  • Experience using mapping, drawing software (Visio, Lucid Chart, Miro etc)
  • Competency in Microsoft applications including Word, Excel, and Outlook.
  • Competency with databases such as SQL, CRM, and survey tools
  • Excellent planning, organisational, and time management skills.
  • Ability to communicate complex information in an easy-to-understand format.

Good to Have

  • Experience in business / data analysis or a related field.
  • Experience using mapping, drawing software (Visio, Lucid Chart, Miro etc)
  • Exposure to Lean, Six Sigma, or other process improvement methodologies

Please send your CV and cover letter to hr@ballinasloecreditunion.ie.

Closing Date: March 27th, 2023

Member Survey

By Latest News

Calling all members!

We want to hear about your experience with Ballinasloe Credit Union.

The survey will take 5 minutes and your feedback will help us to improve the credit union for everyone.

We have €500 in cash prizes to give away for completing the survey!

Click the link to complete the member survey: https://www.surveymonkey.com/r/C6758X8

#BCU #CreditUnion #Survey #Ballinasloe #ballinasloelifemagazine

Padraig Pearses GAA

By Sponsorships

Pictured at the presentation of €500 to Padraig Pearses Gaa football senior team ahead L-R Paul Whelan, Emmet Kelly, Ciaran McGreal, Marian Brady, Shane McNeill & Gerry Kelly McNeill & Gerry Kelly.

Skyvalley Rovers AFC

By Sponsorships

Pictured at the presentation to Skyvalley Rovers FC U12’s team who are taking part in the International, Cup De Barcelona. L-R Marian Brady BCU Chairperson, Keelan Dowd, Aidan Og Gallagher, Sean Flynn, Callum Dowd & Grainne Murphy CEO BCU.

Ballinasloe Credit Union (Our Lady of Lourdes) Limited
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