Concerns exist over some credit unions, registrar admits

SOME concerns exist regarding a number of credit unions, the registrar for the sector Brendan Logue, said yesterday.

In an interview with the Irish Examiner following the publication of the 2008 report from the Financial Regulator, Mr Logue said “where problems exist they exist at the edges of the movement” and “fewer than 10” of the country’s 400-plus credit unions were giving any cause for concern.

In a few cases “specialist inspectors” have been appointed “where governance issues have arisen”.