The Irish League of Credit Unions (ILCU), the representative body for the majority of credit unions in Ireland, reported a surplus of €14.8 million for the year ended December 31, 2007. This was almost double the surplus recorded the previous year.
The strong performance was boosted by a €5million increase in insurance premium income in the Republic. The ILCU’s income from insurance operations rose to €60 million in the year, compared with just over €55 million the...
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