CUSOP

CUSOP (Payments) DAC (“CUSOP”) is a ‘not for profit’ independent company established in 2013 as a shared services entity to provide payment services to participant Credit Unions in Ireland.

CUSOP is owned by the CUSOP Trust on behalf of the beneficiary Credit Unions. The Irish League of Credit Unions and the individual Credit Unions are each represented on the CUSOP Board.

In December 2023, CUSOP’s Board made the decision to commence a process to cease its business operations and to wind up the company. In this regard, all Credit Unions (NI and RoI) successfully and seamlessly migrated to an alternative payment provider on Monday 24th June 2024.

CUSOP is now in the process of making a submission to the Central Bank of Ireland to voluntarily revoke its authorisation prior to the company being wound up.