Savvi boss: Credit unions ‘have to be prepared to repossess homes’

If Irish credit unions go into mortgage lending they will “have to be prepared to repossess a house”, according to the chief executive of one of the country’s biggest credit unions.

Robert Cooper of Savvi credit union – which has 22,000 members and more than €370 million in assets – thinks that Irish credit unions of all sizes need to be allowed to begin lending larger amounts of money for longer periods, including ...