Report warns credit unions’ low level of loans is ‘unsustainable’

Credit unions across the country have an “unsustainable” level of loans compared to their asset base, an unpublished report from the Oireachtas Finance Committee will conclude.

Report warns credit unions’ low level of loans is ‘unsustainable’

Credit unions across the country have an “unsustainable” level of loans compared to their asset base, an unpublished report from the Oireachtas Finance Committee will conclude.

The report, obtained by the Irish Examiner, will also call for a change in the law to allow credit unions to help fund housing agencies in order to address the housing crisis.

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