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Financial Services Union
Founded1918
Members16,623 (2013)[1]
AffiliationsICTU,[2] ICPSA, UNI
Websitewww.fsunion.org

The Financial Services Union (FSU) is a trade union representing staff in the finance sector in the Republic of Ireland, Northern Ireland, and those employed by Irish financial institutions in Great Britain and overseas.

History

The origins of the union lie in a meeting at the Glentworth Hotel in Limerick 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.[3]

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.[4]

The union was renamed as IBOA The Finance Union in 2007.[3] Its membership reached a peak of 25,000 in 2008, but then fell to 15,000 during the global financial crisis. 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.[5]

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[6].

General Secretaries

1948: John Titterington
1973: Job Stott
1989: Ciaran Ryan
2000: Larry Broderick
2018: Dermot Ryan
2018: Gareth Murphy (Acting General Secretary)
2019: John O'Connell General Secretary

References

  1. ^ IBOA The Finance Union: annual returns. UK Certification Officer.
  2. ^ Unions Affiliated to Congress 2010 Archived July 16, 2011, at the Wayback Machine, ICTU
  3. ^ a b Financial Services Union, "Almost a century of progress"
  4. ^ Padraig Yeates, "IBOA seeks a new general-secretary for £100,000 post", Irish Times, 22 November 2000
  5. ^ Ciaran Hancock, "Irish Bank Officials’ Association to rebrand itself", Irish Times, 6 May 2016
  6. ^ https://www.fsunion.org/about/structure/gensec.html

Further reading

  • Paul Rouse and Mark Duncan (2012). Handling Change: A History of the Irish Bank Officials' Association. Cork: The Collins Press. ISBN 978-1848891418.
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