Category: credit union

Credit unions seek role in financing social housing

The Irish League of Credit Unions is calling on the Government to make changes that would allow the sector to finance social housing and a National Retrofitting Plan for up to half a million older homes. It is among a number of proposals being put forward by the league, which represents 226 member credit unions across the […]

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62% of credit unions offer payment holidays amid Covid-19 crisis

62% of credit unions have introduced payment holidays as a result of the Covid-19 crisis, a new survey of credit union CEOs and managers across the country shows. The survey also found that the three most in-demand services for credit unions have been the rescheduling of loans, the provision of bespoke services to cocooning members […]

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Credit unions facing challenges despite strong reserves

A new report on credit unions show that they continue to face financial challenges in terms of income generation and return on assets due to the low interest rate environment and high cost metrics.  But the report from the Central Bank said that on a positive note, the credit union sector continues to demonstrate a […]

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