Monday November 30, 2020

Registrar: credit union numbers may fall by 50

Number may drop from 331 to 280 through mergers and transfers

Ian Guider

Markets Editor

@ianguider
24th April, 2016
Credit Unions are closing around the country Pic: RollingNews.ie

The number of credit unions across the country may fall by 50 by the end of this year, according to the industry regulator.

Ann Marie McKiernan, the registrar of credit unions in the Central Bank, said that, based on figures provided by the end of March to the industry’s restructuring board, the number may drop from 331 to 280 through mergers and transfers. Already the number of credit unions has fallen from over 380 since the...

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