RTE has acknowledged that it broadcast incorrect information about the financial position of St Raphael’s during a piece on the credit union sector on Morning Ireland this morning.
RTE did not contact us before broadcasting the incorrect information. We contacted them immediately to highlight that their information was incorrect, that St Raphael’s has reported strong surpluses throughout the economic downturn and that it is one of the strongest credit unions in the country.
As a result of our intervention, RTE agreed to broadcast a correction on its News at One programme using wording that was approved by us. It has also published a correction on the Morning Ireland website: http://www.rte.ie/news/morningireland/
Separately, we have been in contact with the Sunday Independent seeking a correction in respect of an inaccurate article that appeared last weekend. We await a response from this newspaper.
Our full financial details will be presented at our AGM this evening.
John Mc Dermott, Chairman
Claire Byrne, CEO.