Credit Union fund may not be big enough

THE Financial Regulator fears there is insufficient emergency funding in place to deal with the collapse of a large credit union.

Credit Union fund may not be big enough

He said the failure of a just a single credit union would have “reputational consequences” for the movement as a whole.

The Financial Regulator’s Registrar of Credit Unions Brendan Logue also accused some supervisors of misleading members by not identifying serious problems.

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