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Thursday 8 June 2023 Dublin: 15°C

# Credit Unions

All time
# Money matters
Moneylender Provident writes off Irish customers' debts ahead of market exit
The company has advised its former customers not to pay anyone claiming to be collecting on its behalf.
# community banking
A new public banking system in Ireland? The Government is being asked to revisit the idea
Green Party and Fianna Fáil TDs are calling for the government to revisit the idea of community banking.
# it makes sense
Credit Unions urged to sign up for micro-loan scheme aimed at steering people away from moneylenders
The government is scrapping an attached charge to try entice more credit unions to offer the loans.
# Explainer
Credit unions are to be given more freedom to compete with moneylenders, so what would this mean?
It could mean they can offer small loans to people who otherwise mightn’t get credit.
# mighty fine
Credit Union in Kilkenny fined €210,000 for failure to protect members' savings
St Canice’s Credit Union has been reprimanded by the Central Bank for eight breaches of the Credit Union Act, 1997.
# prize draws
Poor oversight and staff wins: Central Bank finds major issues with credit union prize draws
Some of the findings have been reported inaccurately according to the Central Bank and the Irish League of Credit Unions.
# property ladder
One in four adults are living in an unsuitable home but can't afford to move
Some are planning to extend or convert their home for more space.
# approved
Credit unions want to shake up the mortgage market and they've €400m to lend
A representative group also wants lending rules relaxed,
# Satisfaction
So what brands are Irish customers having the best experience with?
There are some surprises to be found in the results of the second annual Irish Customer Experience Survey. But fans of Irish Water might want to avert their eyes.
# Student finance
60% of parents going into debt so their child can go to college
A study by the Irish League of Credit Unions shows that 87% of parents spend an average of €447 a month to cover the cost of going to college.
# business studies
Sending a child back to school costs over €1,000
Almost a third (31%) of parents find themselves in debt covering back to school costs.
# restrictions
Less than 10% of credit unions affected by rules limiting how much you can save
The CP88 process resulted in a rule limiting how much a member could save with credit unions to €100,000.
# Rush Credit Union
Credit union at the centre of €700,000 fraud probe got €750,000 stabilisation in 2011
Rush Credit Union also made a loss of €2 million in 2011.
# Rush-Lusk
Gardaí investigating €700,000 missing from Dublin credit union
Gardaí today confirmed that they are investigating reports of financial irregularities at the credit union.
# endless roundabout
Credit unions got no official government response to their €5 billion housing offer
The Irish League of Credit Unions is proposing to put up €5 billion to fund social housing.
# College
The next step: Charts show financial strain Irish parents face as their child goes to college
It’s more saving and more debt.
# shadow of its former self
Could credit unions be on the way out? They're said to be under 'sustained attack'
Fianna Fáil thinks the sector is burdened by “excessive regulation and bureaucracy”.
# no place like home
Is the Credit Union going to start doing mortgages?
Maybe, but it’s “early days”.
# Pay Me Later
Credit union 'lent €3.1 million for five years with no interest or payments'
Killorglin Credit Union has been transferred to Tralee Credit Union.
# cough up
Which counties are the biggest spenders in Ireland this Christmas?
And how generous is Santa going to be in 2014?
# Bank Busters
Are Credit Unions and An Post teaming up to take on banks?
The answer is a strong maybe.
# Data Breaches
Credit unions say they knew nothing of "illegal snooping"
Credit unions are not being investigated by the Data Protection Commissioner, despite making front page news.
# Bang it in the Credit Union
Why a difference in valuing buildings is causing many credit unions trouble
Value in use. Three very important words.
# Lending Terms and Conditions
Nearly 60% of Credit Unions are subject to lending restrictions
The restrictions are designed to limit the amount of a single loan.
# Credit Crunch
Berehaven Credit Union to be liquidated after 'poor governance and lending practices'
The Central Bank says problems at Berehaven resulted in “serious financial difficulties”.
# Banks
A third of ads for financial services 'do not meet guidelines'
A Central Bank survey assessed almost 300 advertisements from 23 different firms.
# Larkhill
Gardaí investigating "financial irregularities" at Dublin credit union
The fraud could amount to as much as €400,000.
# Oireachtas agenda
How is the government revamping the social welfare system?
That’s one of the subjects up for debate in Leinster House today.
# risk assessment
Some credit unions 'unwilling to comply with the law' - Central Bank
Credit unions Registrar Sharon Donnery made the warning in a report sent to credit unions yesterday.
# Money Money
Credit Unions say they will provide members with good-value car insurance
The ILCU believes members will be very interested in the alternative.
# Money
Credit union research finds we have more disposable income than this time last year
The credit union tracker shows early signs of recovery, as more people have money to spend and save.
# Debt Relief
Credit Unions withdraw from debt deal because 'it gives banks too much power'
The plan “vests control in the banks”, a statement from two Credit Union agencies said.
# Flexible Friends
Credit Unions could be using debit cards by next year
The facility could be in place for individual credit unions next January.
# Credit Unions
Court approves transfer of Howth Sutton Credit Union
The branch will continue to operate as normal following the transfer, the Irish League of Credit Unions stressed today.
# Africa
The Irish League of Credit Unions is to set up shop in Ethiopia
The charitable arm of the credit union group aims to help half a million people in Ethiopia access “affordable and flexible” financial services.
# Credit Unions
Largest credit union in the country is not in trouble, RTÉ clarifies
The credit union today announced profits of over €7 million and record reserves, after two reports that it was in trouble.
# Credit Unions
People still joining credit unions, but fewer are taking out loans
The head of the Irish League of Credit Unions says the increase in members show the public still has confidence in the movement.