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The Financial Services Union (FSU) is a
Almost a century of progress
In 1992, the union-led a major strike. Although this led to a short-term drop in membership, in the long-term the union believes it helped it secure better rights for its members and promoted membership growth. The union was renamed as IBOA The Finance Union in 2007. Its membership reached a peak of 25,000 in 2008, but then fell to 15,000 during the
The Financial Services Union (FSU) is a trade union
A trade union (British English) or labor union (American English), often simply referred to as a union, is an organization of workers whose purpose is to maintain or improve the conditions of their employment, such as attaining better wages ...
representing staff in the finance sector in the Republic of Ireland
Ireland ( ), also known as the Republic of Ireland (), is a country in Northwestern Europe, north-western Europe consisting of 26 of the 32 Counties of Ireland, counties of the island of Ireland, with a population of about 5.4 million. ...
, Northern Ireland
Northern Ireland ( ; ) is a Countries of the United Kingdom, part of the United Kingdom in the north-east of the island of Ireland. It has been #Descriptions, variously described as a country, province or region. Northern Ireland shares Repub ...
, and those employed by Irish financial institutions in Great Britain
Great Britain is an island in the North Atlantic Ocean off the north-west coast of continental Europe, consisting of the countries England, Scotland, and Wales. With an area of , it is the largest of the British Isles, the List of European ...
and overseas.
History
The origins of the union lie in a meeting at the Glentworth Hotel inLimerick
Limerick ( ; ) is a city in western Ireland, in County Limerick. It is in the Provinces of Ireland, province of Munster and is in the Mid-West Region, Ireland, Mid-West which comprises part of the Southern Region, Ireland, Southern Region. W ...
in 1917. This led to the formation of the Irish Bank Officials Association the following year at the Mansion House in Dublin. Always an all-Ireland organisation, since the 1960s, it has also represented employees of Irish banks in Britain.Financial Services Union,Almost a century of progress
In 1992, the union-led a major strike. Although this led to a short-term drop in membership, in the long-term the union believes it helped it secure better rights for its members and promoted membership growth. The union was renamed as IBOA The Finance Union in 2007. Its membership reached a peak of 25,000 in 2008, but then fell to 15,000 during the
2008 financial crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...
. It began admitting workers in non-banking companies which provide outsourced services to banks, and in recognition of this, became the Financial Services Union in 2016.
In 2018 Dermot Ryan succeeded Larry Broderick as General Secretary.
At its May 2018 conference, the Union marked the centenary of its foundation.
Sharon McAuley is the elected President of the Financial Services Union. Her term runs from 2018-2021.
Following the departure of Dermot Ryan, Gareth Murphy was appointed Acting General Secretary in October 2018.
General Secretaries
:1917: Charles Denroche :1932: John Donovan :1948: John Titterington :1973: Job Stott :1989: Ciaran Ryan :2000: Larry Broderick :2018: Dermot Ryan :2018: Gareth Murphy (acting) :2019: John O'ConnellReferences
Further reading
*External links
* {{Authority control Trade unions in the Republic of Ireland All-Ireland organisations Trade unions established in 1918 Finance sector trade unions