Thursday, 19 April 2012

Credit unions that thrive vital for all via @independent_ie

http://www.independent.ie/opinion/editorial/credit-unions-that-thrive-vital-for-all-3082284.html

Credit unions enjoy exceptional popularity in Ireland. People love their friendliness and informality. Even in these cash-strapped times, their total deposits still amount to €12bn.
But like so many other Irish institutions, our 400-plus credit unions are in severe difficulties. Many of them have insufficient capital. Some are in serious danger. The figure for loans in arrears has been estimated at €1bn.
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