Increase in bad debt at Garda credit union

The Garda Síochána’s credit union experienced a threefold increase in bad debts to €3million in 2009, The Sunday Business Post has learned. The significant increase in bad debts followed an independent review of St Raphael’s credit union.

3rd July, 2010

The Garda Síochána’s credit union experienced a threefold increase in bad debts to €3million in 2009, The Sunday Business Post has learned. The significant increase in bad debts followed an independent review of St Raphael’s credit union.

‘‘The review highlighted deficiencies in the key areas of lending and credit control,” chairman Kevin Donohoe said in the annual report and accounts.

‘‘Among the findings of...

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