Ireland is tops for Credit Unions

IRISH credit unions have the highest proportion of savers and borrowers of any credit union movement in the world, it emerged last night.

Around 40% of Irish savers have credit union accounts and 54% of borrowers obtain finance through their credit union.

The Irish League of Credit Unions (ILCU) said this indicated the success of the credit union movement since it was founded in Dublin Castle in 1964 by 13 members of the gardai.