Airport credit union posts profit of €1.49m

But directors’ report raised concern about low lending levels

24th January, 2016

The main credit union for airport and airline workers posted a profit of €1.49 million last year but has raised concerns about low lending levels.

St Joseph’s Irish Airport and Aviation Credit Union, which has branches at Dublin, Cork and Shannon airports, reversed a more than €400,000 loss in 2014 and saw its undistributed surplus rise by almost €1.5 million to €5.1 million, the annual report showed.

But the directors’ report raised a concern...

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