Article 2 of Directive 2013/36/EU where the definition of ‘credit institution’ (in respect of the current PIEs definition) originates from, specifically removes Irish credit unions as an entity type bound by the same Directive. This in turn is interpreted as exempting Irish Credit Unions from the PIEs (as defined in Directive 2014/56/EC) classification of b) ‘Credit Institution’.
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Home » Are credit unions PIEs?
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Publication of Corrective Public Notice: Petra Diamonds US$ Treasury plc annual report and financial statements for the year ended 30 June 2025
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