Panicked savers swamp credit union
Crowds queued at Monaghan Credit Union from 8.30am to demand the withdrawal of their savings after the institution revealed bad debts of €11.9 million.
At its delayed annual general meeting on Wednesday, losses of €3.8m were announced for 2005 and members were told their dividend was being withheld on the order of the national credit union watchdog, Brendan Logue.
