Members of a Cork credit union that is currently in liquidation have been paid back nearly €40m of their deposits with the institution, which reopened its doors this week.

Gardaí were reportedly called to Charleville Credit Union yesterday morning as locals thought it was being robbed when, in fact, it had just been put into liquidation.

Sharon Donnery — who as director of credit institutions is the senior regulator over the banks — has been promoted to deputy governor post at the Central Bank.

The co-operative banks feel a disconnect with their regulator limits what they can do for customers, according to Brian McCrory

AIB will look at reducing its variable interest rate for mortgage customers in June, its chief executive has said.

The parents of adult children looking to get onto the property market could be aided by Credit Unions.

A private investigator has been fined €5,000 after being convicted of two charges for breaching Data Protection Laws.

The Data Protection Commission has launched a major probe into claims that Credit Unions hired private investigators to obtain personal data belonging to their customers.

47% of young people would choose a Credit Union loan over a bank loan, a new survey claims.

It is likely some smaller credit unions will be merged as part of restructuring in the sector, the Credit Union Development Association's AGM has heard.

As a volunteer director on the board of my credit union for 12 years, I am responding to Mary Shanahan (Letters, Oct 4) who wrote of a Credit Union system that has lost its values. I’d like to reassure Mary that the reality is different.

Members of Newbridge Credit Union in Co Kildare say plans to close the branch "will have a devastating impact" on small businesses.

The total level of personal loans and mortgages held by Irish people has shrunk every month for the last 39 months, while savings have been on the increase over the same period, according to figures released by the Central Bank.

The Irish League of Credit Unions says it's seen a significant increase in the number of applications for student loans.

Finance Minister Michael Noonan has told the annual general meeting of the Irish League of Credit Unions that the Government believes they continue to have an important role to play both in the financial sector and in Irish society.

A final report by the Commission on Credit Unions has recommended that the sector be restructured on a voluntary basis through amalgamations and transfers.

The head of the Irish League of Credit Unions (ILCU) has said that the figure suggested by Finance Minister Michael Noonan for the recapitalisaion of the country's Credit Unions is way too high.

THE Irish League of Credit Unions (ILCU) has said that further consolidation among local credit unions is likely in the coming year, but believes that the movement’s footprint across the country won’t suffer as a result.

A new survey shows just how badly Irish people are struggling to make ends meet.

IN response to an article “Credit union unable to pay dividend” (December 9), the Irish League of Credit Unions would like to clarify a number of issues in relation to credit union bond holdings in Anglo Irish Bank.

A MORE than 50% drop in profit at a Cork city credit union means members will not receive either a dividend or loan interest rebate in 2011.

CREDIT Unions will fail in the current financial crisis because of insufficient reserves, poor management and business decision-making which will require a significant restructuring of the sector, the registrar of credit unions James O’Brien has warned.

The CEO of the Irish League of Credit Unions Ciaran Brennan has said this is going to be the most difficult year for their members.

A tax on mobile phone masts and a restructuring of the Housing Executive's finances are among proposals outlined by Sinn Féin today to offset the £2bn (€2.27bn) of looming spending cuts.

Credit Unions around the country have reported a marked increase in demand for student loans.

The Central Bank and Financial Regulator today announced the appointment of Grant Thornton to conduct an independent strategic review of the credit union sector in Ireland.

Credit unions are accusing the Government of "tying their hands" at a time when people need their help most.

CREDIT UNIONS will donate more than €120,000 today to help families affected by flood damage.

RESCHEDULING of loans without the creation of appropriate provisions can pose a potentially serious and hidden danger to the financial stability of credit unions.

CREDIT Unions which cannot reach the new Regulatory Reserve Ratio (RRR) target of 10% by the previously announced September 30 deadline, will have an extra five years to do so.

CREDIT Unions want the Government to set up and guarantee “a central liquidity fund” to help fund credit unions who run short of cash.

CREDIT Unions want the law changed so that financial institutions can take a cut of delinquent borrowers wages at source to pay-off overdue loans.

CREDIT UNIONS will pay nearly twice what the big banks are charged to enjoy the security of a Government guarantee.

FINANCE Minister Brian Lenihan has indicated his intention to give struggling credit unions a financial lifeline as well as extend their lending limits.

Mitchelstown Credit Union in Cork has issued a statement reassuring its members that it is solvent and that all monies are safe.

The Financial Regulator has warned a credit union in Cork that its financial stability is under threat.

MONEY LENDERS are knocking on doors with cash in their hands preying on people desperate for cash in the run-up to Christmas.

DEBT advice and poverty assistance services are reporting surges in the number of people with financial difficulties seeking help.

LIKE a phoenix rising from the ashes, Brian Lenihan swooped down on the banking sector yesterday rescuing it from the brink of disaster.

The Irish League of Credit Unions has warned that attempts to stop it from using volunteer staff will be strongly opposed.

The Irish League of Credit Unions will mark its 50th anniversary today at its annual general meeting in Limerick.

Tens of thousands of communities in developing countries are using the Irish experience of credit unions to lift themselves out of poverty, it was revealed today.

Credit unions launched an offensive today against rogue loan sharks preying on the vulnerable over the months in the run-up to Christmas.

A missionary priest and the Irish League of Credit Unions were among those presented with the 2007 Lord Mayor’s Awards in the capital tonight.