Stress tests set to lead to 80 credit union closures

Stress tests set to lead to 80 credit union closures

A major overhaul of the country's 410 credit unions is expected in the coming months.

It is thought that more than half of all credit unions will be amalgamated, with the first 80 closing by the end of this year.

It is expected that stress tests results will show that at least 80 of the country's credit unions are in serious trouble.

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