Noonan caps credit union deposits at €100,000
Movement vows to fight new rules which come into force on January 1
Finance Minister Michael Noonan has brought in new rules limiting credit union deposits to €100,000.
The Irish Times reports that Noonan signed off the new rules just before Christmas which will come into force on January 1.
However, it is understood the rules will be reviewed by a committee that advises the government and will report back within six months.
In the meantime, credit unions and members will be given time to adjust ...