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(...)

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(...)