Credit unions get go-ahead to invest in social housing

Three new investment classes to be introduced under revised Central Bank rules

The Central Bank said credit union boards looking to diversify their investments must ensure that they are taken without exposing member funds to undue risk.

The Central Bank said credit union boards looking to diversify their investments must ensure that they are taken without exposing member funds to undue risk.

Credit unions will be able to to invest in social housing under new regulations announced by the Central Bank.

The move by the regulator comes after a public consultation last year.

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