Credit unions are limited to charging customers an interest rate of 1 per cent a month on their personal loans, thus ensuring access to loans at a reasonable rate. File photograph:  Colin Keegan/Collins Dublin

Minister for Finance Paschal Donohoe is to proceed with plans to allow credit unions increase the cost of loans they offer their customers, months aft(...)

Credit unions want greater flexibility to set their own business models. Photograph: Colin Keegan/Collins Dublin.

The Minister for Finance Paschal Donohoe is set to press ahead with plans to allow credit unions to hike up the cost of the loans they offer their cus(...)

“Credit unions are not banks,” said one Minister, adding that they usually “look after” people who may usually have difficulty accessing credit from banks. Photograph: Colin Keegan/Collins

Proposals brought before Cabinet this week to allow credit unions to expand their business by offering higher-risk loans led to concerns from a number(...)

Only 286 unions were classified as actively trading, with the largest 50 accounting for more than half of the movement’s €15.9 billion of assets at the end of last year.  Photograph:  Colin Keegan, Collins Dublin

The Oireachtas finance committee is set to call for a review of lending limits for credit unions by regulators, throwing its weight behind a key recom(...)

The market share of credit unions in the €12 billion consumer lending market has risen from 29% in 2009 to about 35% in 2016, according to the Department of Finance.

The Central Bank is “willing to consider” amending long term lending limits for credit unions, but has expressed heavy criticism of the sector’s regul(...)

New Dawn for Credit Unions : Business : Irish Times Imaging

The Irish credit union movement has avoided – to the surprise of many prophets of doom – the spectacular implosion that befell the banking sector duri(...)

Irish League of Credit Unions Headquarters, Dublin: the number of credit unions in Ireland fell from about 400 in 2007 to 320 last year. Photograph: Frank Miller

Irish credit unions have seen their loan book shrink by 45 per cent in the past eight years, leaving their loans-to-assets ratio at a “dismal” level t(...)

While the Central Bank has said average deposits in credit unions are around €4,000, some larger credit unions have larger deposits

A new limit of €100,000 to the amount a person can hold in a credit union account is anti-competitive and unfair, the Irish League of Credit Unions ha(...)