Two jailed over credit union arrears

TWO members of a Cork city credit union who failed to repay borrowings were sentenced to prison in the past two months.

The two members of Gurranabraher Credit Union (GCU) were held in contempt of court for failing to show at a hearing to establish why they had not complied with the terms of their installment orders.

As a result of their no-show, the court handed down jail terms ranging from 10 to 25 days. In addition, the court granted 55 installment orders to GCU in 2010 to ensure members who have fallen into arrears meet specified repayment schedules.