Low loan levels keep pressure on credit unions

Central Bank report says sector still struggling despite recent improvements

18th December, 2017
Arrears levels falling in credit union sector.

A Central Bank report has found that credit unions remain under pressure despite some signs of improvement in their financial position.

Credit unions are also facing a squeeze on their incomes as lending levels remain low and many are generating little returns on their savings to pay dividends.

The Central Bank report – covering the period from 2012 to the end of September this year - said credit unions’ loan to asset ration had stabilised...

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