Low loan levels keep pressure on credit unions
Central Bank report says sector still struggling despite recent improvements
A Central Bank report has found that credit unions remain under pressure despite some signs of improvement in their financial position.
Since the financial crisis, the number of credit unions across the country has come down from more than 400 to 269as a result of mergers and transfers. A number of high-profile credit unions have also gone bust.
Credit unions are also facing a squeeze on their incomes as lending levels remain low ...
