A government-backed scheme to provide low-cost loans from Credit Unions was launched in 2018 .The loans are called It Makes Sense loans – and they provide small, low-interest loans for people on Social Welfare or State Pensions. Avoid Moneylenders if Possible The banks don’t normally lend money to people whose only income is social welfare […]
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Thirty Four of the larger Credit unions in Ireland now offer a current account since it was launched in October 2019. This means they can try and compete with banks for day-to-day banking services. The current account can be used like any bank’s current account for receiving salaries, setting up direct debits and standing orders. […]
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We understand the following protection is in place with the following institutions: This is the latest information on the level of guarantee or protection for money held in Irish financial institutions or those operating in Ireland. Updated in March 2013 Post Office Savings Bank; . Irish Government guarantees all deposits with no end date Under […]
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The latest results of a financial survey organised by the Irish League of Credit Unions were released today. It’s called the “What’s Left Tracker ” – and one of the statistics collected is how much spare cash people have left each month after all bills have been paid. (It doesn’t specify exactly what bills are […]
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About half the Credit Unions in Ireland are currently under some kind of restriction on the loans they can provide. The imposition of lending restrictions is the responsibility of the Registrar of Credit Unions, who is the independent regulator for credit unions. The Registrar has had to put lending restrictions in place at Credit Unions […]
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