Credit unions in 190 court actions over unpaid debts

Credit unions have brought 190 cases to the courts so far this year in a bid to recover more than €4.2 million in unpaid debts, according to new research.

13th April, 2013

Credit unions have brought 190 cases to the courts so far this year in a bid to recover more than €4.2 million in unpaid debts, according to new research.

It follows revelations last week that the Irish League of Credit Unions had notified gardaí about allegations that one of its own directors has credit union loans that are so large they are in breach of the law.

The Credit Union Act sets limits on the...

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