In amongst all the news about NAMA and bad banks – we have a bit of slightly better financial news. Yesterday the Dept of Finance announced that Credit Unions will be allowed to have a bigger percentage of their loans lasting five years or more. Under current rules – a maximum of 20% of a […]
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Credit Unions
Irish Bank Deposits get Government Guarantee
Sept 2008: The Irish Government has this morning announced it will guarantee all deposits and borrowings in the Irish banking system. Which banks and building societies are covered? The six financial institutions involved are AIB, Bank of Ireland, Anglo Irish Bank, Irish Life and Permanent, Irish Nationwide and EBS Building Society. How long does the […]
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Credit Unions in Ireland
A credit union is an organisation of people that save together and lend to each other at an affordable rate of interest. It is owned by and exists solely to serve its members and is run by volunteers (committees and board of directors) to represent members’ interests. Each member has an equal say in the […]
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