ILCU welcomes minister's change to credit union levies

The Credit Institution Resolution Levy for 2021 is to be reduced to approximately €5 million. File photo

The Credit Union Stabilisation Levy will be reduced to approximately €300,000. 

Minister for Finance Paschal Donohoe announced the reduction today along with the news that the Credit Institution Resolution Levy for 2021 will be reduced to 0.0259% of assets, approximately €5 million.