A conference in Dublin has heard that a survey of credit unions showed that most of them support greater co-operation and possible mergers.
Delegates heard that an independent survey of credit union managers and directors showed that 90% of them are unhappy with the current leadership of the sector and believe they need to change their image to attract new members.
Most of them support greater co-operation within the movement and possible mergers.
The majority of members feel that regulation is not a bad thing, but should be implemented in accordance with the ethos of the sector.
However, 90% also feel optimistic about the future.
The conference heard that in the US, the difficulties of the recession for the credit union sector was resolved by cost-cutting, consolidation and innovation.
