With Ulster Bank and now KBC Bank poised to leave the Irish market, how competitive will financial services be? File photograph: Nick Bradshaw

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 (...)

Scheme offers an 80 per cent State guarantee to participating lenders to provide Irish businesses with access to low-interest loans.

Eight additional credit unions have signed up to participate in the Government’s €2 billion Covid-19 credit guarantee scheme, bringing the total numb(...)

Credit unions had just €27 out on loan for every €100 of assets at the end of September. Photograph: Collins

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 (...)

Credit unions are also obliged to place €10 of every €100 saved into a reserve fund under Central Bank regulations.

A Cork credit union is to become the first in Ireland to introduce charges on accepting member deposits, as the sector continues to grapple with the c(...)

The High Court heard that Charleville Credit Union  failed to bring its reserves up to the regulatory requirement of 10% of assets. Its reserves were just 3.5%  last June

At least one neighbouring credit union has signalled that it is prepared to take over Charleville Credit Union, which the High Court placed in liquida(...)

ILCU believes there will be no contagion from Rush and noted the leagues intention to fund a social housing initiative worth €500m.

The chief executive of the Irish League of Credit Unions, Ed Farrell, is “quietly confident” that there won’t be a repeat of events at Rush Credit Uni(...)

Mr Justice Peter Kelly: Confirmed the appointment of McStay Luby as liquidators to Rush credit union.

On Monday, the President of the High Court, Mr Justice Peter Kelly effectively put Rush Credit Union out of its misery by confirming the appointment o(...)

The Central Bank ran out of patience with Rush Credit Union in October 2016 – it had a hole of €4.7 million in its reserves while its liabilities exceeded its assets by €2 million. Photograph: iStockPhoto

The beginning of the end for Rush Credit Union came on October 22nd, 2010, when the Central Bank informed it that it had been included in a programme (...)

Number 1 Main Street, Howth: has an overall floor area of over 222sq m (2,385sq ft)

Lisney is guiding in excess of €600,000 for the commercial building owned by the Progressive Credit Union at 1 Main Street, Howth, Co Dublin. The prop(...)

The Central Bank stressed the order would not affect members, creditors or employees of Howth Sutton Credit Union, for whom it will be “business as usual”. Photograph: Brenda Fitzsimons

The Central Bank yesterday said members and employees of the Howth Sutton Credit Union would not be affected (...)

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