Credit Union Act, 1966


1.—(1) In this Act—

“the Act of 1913” means the Industrial and Provident Societies (Amendment) Act, 1913 ;

“common bond” has the meaning assigned to it in section 2 of this Act and shall be deemed to include the relationship existing between a person having the common bond and a member of the family of such person who resides with such person in the same house;

“member of the family” means father, mother, grandfather, grandmother, step-father, step-mother, father-in-law, mother-in-law, husband, wife, son, daughter, grandson, granddaughter, step-son, step-daughter, brother, sister, half-brother, half-sister, uncle, aunt, nephew, niece, first cousin, son-in-law or daughter-in-law and, in deducing any relationship for the purposes of this definition, a person adopted under the Adoption Acts, 1952 and 1964, shall be considered the legitimate offspring of the adopter or adopters;

“the Minister” means the Minister for Industry and Commerce;

“officer” shall include a chairman, vice-chairman, director, treasurer, secretary, servant of a credit union or member of a Supervisory Committee, Membership Committee or Credit Committee of a credit union;

“the Principal Act” means the Industrial and Provident Societies Act, 1893 ;

“the registrar” means the registrar of friendly societies;

“share” means, in relation to a credit union, each sum of one pound standing to the credit of a member of that credit union in the register of shares required by this Act to be kept by that credit union.

(2) References in this Act to a member of a credit union present at a meeting thereof shall include a member represented thereat in accordance with subsection (3) of section 20 of this Act.