The Central Bank and credit unions
So, according to published Central Bank documentation, it was The Sunday Business Post that prevented a credit union solution to the problems at Newbridge Credit Union, by running a story indicating problems there.
The installation of a ``special manager'' two years ago, which commenced an immediate outflow of deposits, of course had no destabilising effect at the credit union.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team