Credit Union task force needed to solve the crisis

Poor governance and failure to modernise has landed many credit unions in hot water, writes BILL HOBBS

Credit Union task force needed to solve the crisis

WITH at least e1.1 billion of impaired assets, credit union boards have only themselves to blame for balance sheets primed with risky loans and illiquid risky investment portfolios.

When governed and managed prudently, as many are, the co-operative savings and loans business is a resilient banking model.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited