Ireland's Department of Finance pauses levies for Credit Union Resolution and Stabilisation Funds until October 2029

Ireland's Department of Finance has issued regulations setting a nil levy for the Credit Institutions Resolution Fund and the Credit Union Stabilisation Fund, pausing levy collections from credit unions until October 2029. Interest will continue to accrue within each fund, and levy collections may be restarted if there is any drawdown from the funds or a deterioration in the sector’s risk profile, with the next comprehensive review scheduled for 2029. The Credit Institutions Resolution Fund, managed by the Central Bank of Ireland under the Central Bank and Credit Institutions (Resolution) Act 2011, had net assets of EUR 65.5 million as at 30 June 2025 against a EUR 65 million target, while the Stabilisation Fund held EUR 21.3 million. Reviews completed in August 2025 (with feedback statements published on 27 August 2025) recommended maintaining the funds’ target sizes and rolling up future interest, while reserving the Minister’s ability to re-impose levies subject to statutory consultation. Annual levy regulations are prepared following consultation with the Central Bank and relevant credit union bodies and take effect on 1 October each year.