Eps002 – Interview with Lorraine Corcoran, Chair of the Credit Union Advisory Council

Eps002 - Lorraine Corcoran - Chair CUAC

Since 2015 Lorraine Corcoran has been heavily involved in Credit Unions through her work delivering the “It makes sense loan” through the personal micro-credit scheme.

Lorraine is currently the chair of the Credit Union Advisory Council (CUAC) where her contributions are invaluable as Credit Unions try to pave a positive way forward.

Having worked with Bank of Ireland for 20 years Lorraine changed her career following the completion of a master’s and now focuses on ensuring the corporate world understands and plays its part in the social economy.

About the Personal Micro-Credit Scheme:

The initiative is the response from credit unions and a number of stakeholders to the growing money lender problem in Ireland. All of these stakeholders are committed to putting a sustainable low-cost credit solution in place for those who rely on social welfare.

The initiative is backed by numerous stakeholders committed to its success:
• Department of Employment Affairs and Social Protection
• Department of Finance
• Central Bank: Registry of Credit Unions (RCU)
• Irish League of Credit Unions (ILCU)
• Individual credit unions
• An Post
• Social Finance Foundation
• Citizens Information Board
• St Vincent de Paul (representing NGOs)

Lorraine’s Links:

Afanite: https://www.afanite.com/

LinkedIn: https://www.linkedin.com/in/lorrainecorcoran/

It Makes Sense: https://itmakessenseloan.ie/

CUAC: https://www.gov.ie/en/publication/92dc08-credit-union-advisory-committee-cuac/

Leave a Reply