Notice of Direction to Suspend Business
Friendly Societies and Credit Union Act 1982
The Registrar of Friendly Societies and Credit Unions gives notice that a direction has been given to the HIBERNIAN CREDIT UNION under section 139 of the Friendly Societies and Credit Unions Act 1982.
The Hibernian Credit Union has been prohibited from carrying on all or any of the following activities from 7 July 2011:
(a) Borrowing money;
(b) accepting a payment representing the whole or any part of an amount due by way of subscription for
a share in the credit union, other than a payment which fell due before the making of the direction;
(c) lending money;
(d) repaying share capital; and
(e) accepting new members.
ELISABETH RUTH THOMSON, Deputy Registrar of Friendly Societies and Credit Unions.