Credit Unions: State of the unions
Times are changing fast for credit unions, with reforming legislation imminent and public funds provided to professionalise the movement, writes Ian Kehoe.
Today, credit unions around the country will begin preparing their annual financial statements for the last 12 months for inspection by the Central Bank. The figures will be crucially important, and will help determine which of the community-based lenders will survive the expected cull of credit unions.
Ireland's vast credit union movement is going through a period of unprecedented change. Two days ago, the government published new legislation governing the sector, a roadmap for heightened governance...
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