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.

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.

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.