Founded 1918 | Members 16,623 (2013) | |
Key people Larry Broderick, general secretary Office location Stephen Street Upper, Dublin | ||
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.
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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. Always an all-Ireland organisation, since the 1960s, it has also represented employees of Irish banks in Britain.
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 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.