Credit union lending soars by over 50 per cent

Credit Unions new lending soared by more than 50 per cent in the six months to the end of March compared with the same period in 2014, new figures reveal.

The Central Bank’s latest update on the health of the credit union sector released last week showed its assets stood at a record high of €18 billion, including €15 billion of member savings.

The report revealed that the total value of new loans ...