Banking
Credit Unions target €12bn investment fund towards state infrastructure projects
The head of the credit union umbrella body confirmed the sector is in talks with regulators to allow members invest in roads and other state-backed projects
Credit unions are in discussions with the Central Bank of Ireland to change regulations and allow the sector to invest some of its €12 billion investment fund in state infrastructure projects.
David Malone, the chief executive of the Irish League of Credit Unions (ILCU), said discussions were ongoing with the financial regulator to allow his members invest in state-backed infrastructure such as roads and other projects.
“At the moment, credit unions can invest members savings ...
