€10bn saved with credit unions

The annual report of the Irish League of Credit Unions will be published later today.

It will show that loans and savings with the country's 500-plus credit unions continue to rise.

Membership has grown by 4% to 2.7 million people. The loan book is up 7% to €6bn, while savings clock in at €10bn, up 17.5%.

The Credit Unions' core market is still the small loan, with the average around €7,000.