Pursuant to the rules of Mulcair Credit Union Limited (“the Credit Union”), the Credit Union is commencing the process of selecting suitable candidates for nomination to the Board of Directors and to the Board Oversight Committee at the Annual General Meeting (“AGM”) which will take place in December 2019.
All serving Directors and Oversight Committee members are required by law to be re-elected by rotation every three years. In addition to the serving Directors and Board Oversight Committee members seeking re-election at this year’s AGM, all members of the Credit Union over 18 years are entitled to apply. Candidates elected at the AGM will be elected for a period of up to three years.
The role of Directors and Board Oversight Committee members are as set out in the Credit Union Act 1997 (as amended). Under regulatory requirements, as set out by the Central Bank, all candidates must meet minimum fitness and probity standards. These standards apply to all Directors and Board Oversight Committee Members. They can be accessed by clicking here.
Members applying for any of these positions should be aware that they are voluntary and unpaid.
If you are interested in applying for one of these positions, please express your interest by return email to firstname.lastname@example.org, quoting your membership number by close of business on Friday 22nd November 2019. A detailed Nominations Pack will be sent to all interested parties for completion. If you have any queries please contact us on 061-378099.
Mulcair Credit Union Limited
7th November 2019
Mulcair Credit Union is pleased to announce the winners of our Art Competition for 2019, and wishes to thank all students who participated in this year’s competition.
We are so pleased with the number and quality of entries received and hope that all entrants enjoyed the experience.
The competition was judged by Kerry Acheson based on the theme and rules explained on the entry form, our sincere appreciation to Kerry for taking the time to judge the many excellent entries we received.
Age 7 years & under:
1st – Orlagh Ryan, Convent of Mercy NS.
2nd – Zofia Kwiecinska, Rearcross NS.
3rd – Anna Kennedy, Lackamore NS.
Age 8-10 years:
1st – Chloe Ryan, Birdhill NS.
2nd – Ria Delahunty, Convent of Mercy NS.
3rd – Rubi Walker, Convent of Mercy NS.
Age 11-13 years:
1st – Emily Lach, Newport College.
2nd – Thea Shields, Convent of Mercy N.S.
3rd – Caoimhe Malone, Rearcross NS.
Age 14 – 17 years:
1st – Liam Conwell, Newport College.
2nd – Chloe O’Brien, Newport College.
3rd – Emer McMahon, Newport College.
Age 18 years & over:
1st – Saoirse O’Gorman, Newport College.
Age 8 – 10 years 1st – Aoife Hannon, Birdhill, NS.
Age 11 – 13 years 1st – Jamie Hurley, Birdhill, NS.
We would like to invite our winners to the Credit Union office, Newport to receive their prizes this Friday 8th November 2019 at 6.30pm.
Their families and teachers are also very welcome to attend. We look forwarding to meeting them all.
Our Online Services will be offline from 5pm on Monday September 30th until 9:30am on Tuesday 1st October in order to facilitate Credit Union end of year procedures.
We apologise for any inconvenience this may cause.
Our online services are currently down due to circumstances outside of our control.
We apologies for any inconvenience this may cause and will update you once these services are available again.
Here at Mulcair Credit Union, we pride ourselves on providing a first-class financial service to all our members throughout the community. Like many credit unions, Mulcair Credit Union relies on the enthusiasm and commitment of volunteers, without whom we wouldn’t be able to achieve our goals.
Becoming a volunteer means you can:
- access great free business training opportunities
- gain skills and experience with a professional financial service provider
- personal development
- work with fellow members, members of your community and expand your network
- give something back to your community
- be part of something that works for the good of our Members and the community at large
Don’t know much about Credit Unions?
Don’t worry you will be given plenty of support and training and you will very quickly pick things up – training is a very important part of being involved in the credit union.
Benefits you will receive as a volunteer
You will gain many friends, develop additional skills which will serve you well in your career (no matter what that is) and you will be confident in the knowledge that you are enhancing the lives and financial wellbeing of our members and community.
What do I do next?
If you believe yourself to be trustworthy, discreet, committed, capable of acting with integrity and financially sound then we want to hear from you.
Call into any of our offices to pick up an application form or email us at email@example.com and will send you on the form.
Strong Customer Authentication
On September 14th 2019, additional security to protect online payments, known as Strong Customer Authentication, will be introduced across Europe as part of the Second Payment Services Directive (PSD2). For additional information, including some useful short explanatory videos, please refer to bpfi.ie.
In order to support these additional security requirements, Mulcair Credit Union’s Online Banking services and Mobile App services will be upgraded to include Strong Customer Authentication (SCA).
What is PSD2?
PSD2 was introduced to improve security, reduce fraud and encourage competition, while taking into account modern payment methods such as mobile payment and online payment.
What is Strong Customer Authentication?
Strong customer authentication (SCA) is authentication based on the use of two or more elements, namely:
1. Knowledge – something only the user knows. For example, a password;
2. Possession – something only the user possesses. For example, a mobile phone;
3. Inherence – Something the user is. For example, fingerprint or iris pattern.
How will this affect Mulcair Credit Union Members?
- Whenever a member logs in to their online account, they may be asked to take an additional step to further authenticate themselves. This will happen every 90 days.
- When a member sets up a new payee they will be asked to provide further authentication.
- If a member wishes to view transactions or documents older than 90 days, they must provide further authentication.
How will Members provide the additional authentication?
Where a member has the Mobile App installed, an authentication code will be delivered via the app. When using a laptop or PC, an SMS containing the code will be sent to the member’s phone. When will these changes be implemented? Strong Customer Authentication days will be implemented on by no later than September 14th 2019.
Are there any other impacts from SCA?
Third party card issuers and merchant service providers are also likely to roll out their own SCA solutions in relation to transactions on credit union accounts, but these providers will issue their own announcements and instructions in due course.
Is SMS safe?
In general terms, SMS does have some inherent weaknesses, however, through our systems service provider we have sourced a robust security solution which protects the SIM cards in mobile phones from ‘hijacking’ (SIM Swap attack). This solution, SIM Swap Protection Service, is used by all the leading banks in Ireland, so we are confident it is entirely suitable for online account users. It should also be noted that the European Banking Authority (‘EBA’) has indicated that SMS is a valid medium for the transmission of authentication codes and one-time passwords (‘OTP’) as long as the SMS is subject to measures that prevent replication of the SIM.