The Credit Union Restructuring Board, with the consent of the Minister for Finance, has made the Credit Union Fund (ReBo Levy) Regulations 2015 which require credit unions to pay a ReBo levy to the account of the Credit Union Fund at the rate of—

  • in relation to every credit union, 0.004428 per cent of its total assets, and
  • in relation to a credit union to which financial assistance was advanced during the levy period, 50 per cent of the total amount so advanced.

Where one credit union has had its liabilities transferred to a second credit union during a levy period, the second credit union is liable to pay the ReBo levy in respect of both credit unions.