FRESH controversy regarding the lending practices at credit unions has arisen, with news that the Financial Regulator is to investigate alleged irregularities at a Co Kilkenny branch.

THE Financial Regulator has moved to quell fears about the safety of credit union savings by insisting just “a handful” of the institutions are in financial difficulty.

SCORES of customers sought reassurances from Mitchelstown Credit Union yesterday following revelations its financial stability is under threat and that it had been ordered to cease all business lending.

Mitchelstown Credit Union in Co Cork has today moved to reassure members their money is safe.

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.

MEMBERS of Mitchelstown credit union will wonder what is going on at the institution.

CREDIT unions should be able to offer longer term loans to customers according to a report from the Department of Finance.

PANICKED savers swamped a credit union yesterday amid rumours it was facing imminent financial collapse.

BISHOPSTOWN Credit Union swept into the mortgage market yesterday with a radical plan to take on banks and building societies and undercut them on lending rates.

The financial regulator is to hold a series of meetings with credit unions across the country over the next three weeks.

THE regulator of credit unions has emphatically rejected a claim that he installed a puppet board in a Cork city credit union to enforce his own agenda.

Registrar of credit unions, Brendan Logue and Chief Executive of the Irish Financial Services Regulatory Authority, Liam O'Reilly will hold a series of meetings with credit unions throughout the country to discuss issues and challenges facing credit unions in the coming years.

The registrar of credit unions, Brendan Logue, and chief executive of the Irish Financial Services Regulatory Authority, Liam O'Reilly, will hold a series of meetings with credit unions throughout the country to discuss issues and challenges facing credit unions in the coming years.

THE Irish Financial Services Regulatory Authority (IFSRA) has set out its stall for the next three years placing a strong emphasis on a fair deal for the consumer and strict ethical behaviour by the financial institutions.