Credit unions, unlike many banks, are not closed to new business. Credit unions have funds to lend and continue to meet their members’ requests for loans in the same prudent and appropriate manner that they have done for more than 50 years.
Credit unions are not immune to the difficulties arising from the current economic climate, but neither are they “in trouble”.
The current financial crisis has highlighted the safety, strength and security of the credit union business model. Credit unions are open for business to both existing members and potential new members, as your readers will see from our advertising campaign which commences next week in the national media.
Head of Communications
Irish League of Credit Unions
Lr Mount Street