Saturday October 24, 2020

Credit unions braced for backlash as dividends cut

Credit unions are bracing themselves for a media onslaught as news begins to emerge that some credit unions will be forced to slash their dividend or pay no dividend at all to members this Christmas.

29th November, 2008

Credit unions are bracing themselves for a media onslaught as news begins to emerge that some credit unions will be forced to slash their dividend or pay no dividend at all to members this Christmas.

The average dividend is expected to amount to 1.85 per cent in the Republic this year, compared with 2.17 per cent last year, an Irish League of Credit Unions spokeswoman said this weekend.

The dividend paid by credit unions is equivalent to...

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