Development Association

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With Ulster Bank and now KBC Bank poised to leave the Irish market, how competitive will financial services be? File photograph: Nick Bradshaw
Revolut for payments, An Post for savings: how we might bank in the future

Just a few hours after KBC Bank’s announcement on Friday, talk began of the competitive lacuna that will be left in its wake if it is to proceed with (...)

One major benefit to an energy retrofit is that a higher BER generally translates to a higher resale value of the property. Photograph: Getty Images
Credit unions to get up to €10m funding for retrofit scheme

Credit unions are to get additional funding of up to €10 million for a scheme to finance the retrofitting of homes. The Credit Union Development Asso(...)

The statue of the Dublin-born actress was to be unveiled in Glengarriff, which had become Ms O’Hara’s adopted home. File photograph: RollingNews.ie
Maureen O’Hara statue ‘not a good likeness’ as refund given – FOI

A local authority sought a refund of a €33,000 grant after a statue of Hollywood star Maureen O’Hara proved “not a good likeness” and could not be use(...)

Credit unions had just €27 out on loan for every €100 of assets at the end of September. Photograph: Collins
Credit unions see Covid surge in savings, adding to their challenges

A surge in household savings during Covid-19 saw Irish credit union deposits rise 7 per cent to €16.3 billion in the year to September, adding to the (...)

The reduction of the stabilisation fund charge means that for a credit union with €100m in assets, the levy in 2021 would have been €16,400, but will now be reduced to €1,554. File photograph: Frank Miller/The Irish Times
Credit unions welcome Donohoe’s move to reduce levies

Minister for Finance Paschal Donohoe has reduced the two main regulatory levies imposed on credit unions to afford them financial head room amid the C(...)

Credit unions estimate up to 100,000 of their members may be in a situation where they are or will experience loss of income due to coronavirus
Credit unions seek regulatory changes to allow financial help for members

Credit unions have urged the Government to introduce regulatory changes to allow them to better respond to members affected by the Covid-19 crisis. T(...)

Photograph: iStock
Credit unions to loan up to €10m for home energy upgrades

Up to €10 million is expected to be loaned to credit union members for a new home improvement funding scheme this year. The ProEnergy Homes scheme w(...)

Credit unions want greater flexibility to set their own business models. Photograph: Colin Keegan/Collins Dublin.
Credit unions could be allowed to push up the cost of loans

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(...)

Under the existing rules, credit unions are permitted to invest in a range of specified classes.
Central Bank to review credit union regulations

The Central Bank of Ireland is planning to review the regulations around how credit unions can invest their members’ funds, in a move that could open (...)

The closure of O’Dwyers shop in Boherlahan, Co Tipperary, after 70 years of familly ownership will render the parish a less attractive place to live or work.
Lack of services not lack of people is what is killing rural Ireland

Last month an era for a Co Tipperary parish ended. Eddie and Helen O’Dwyer retired as proprietors of the local shop, and the family name disappeared f(...)

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