Ian Guider: Beware the credit union in sheep’s clothing

Ian Guider: Beware the credit union in sheep’s clothing

Credit unions have carved out the idea that their combined scale does not warrant heavy-handed regulation

When it was set up, it was envisaged that the deposit guarantee scheme would never be called upon, that no financial institution would be in a position where savers’ money would really be at risk. It was certainly never envisaged that credit unions would have need of it.

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