Sharp drop in number of credit unions operating under new lending restrictions

Some 39 per cent of the country’s 343 credit unions are currently subject to restrictions

8th November, 2015

The number of credit unions operating under Central Bank imposed lending restrictions has fallen sharply.

Some 39 per cent of the country’s 343 credit unions are currently subject to restrictions, down from 52 per cent at the start of the year.

The registrar of credit unions, Anne Marie McKiernan, said the number would fall further.

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