Credit unions ‘facing difficult time’

AS many as one in five loans at the country’s credit unions are believed to be in difficulty as the sector faces into a tough time.

A report on the credit union industry from Russell Brennan Keane found that lending restrictions are widespread with more than nine out of 10 credit unions surveyed operating under restrictions.

Caps on loans range from €15,000 for smaller credit unions to €50,000 for larger credit unions.