The government was last week urged to set up a scheme to protect the savings of credit union members.
Bill Hobbs, chief executive of the Credit Union Development Association (CUDA), which represents 16 credit unions, said that credit union savers deserved the same protection as bank customers.
The Central Bank’s deposit protection scheme protects the savings of bank customers by guaranteeing to pay 90 per cent of their savings - up to €20,000 - if the...
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