News | Latest Breaking News Stories & Headlines

The survey shows the level of debt incurred by parents of college students has come down

60% of parents get into debt for college education

A survey from the Irish League of Credit Unions has revealed that 60% of parents will get into debt to cover the cost of their child's third-level education.

News • 18 Aug 16

ReBo was established in 2013 to facilitate and oversee the voluntary restructuring of credit unions

ReBo sees high merger activity among credit unions

The Credit Union Restructuring Board (ReBo) has said it is expecting a significant number of credit union mergers in the coming months, as the 31 March deadline for merger offers is reached.

Business • 31 Mar 16

The ILCU said the fund could be used to finance up to 26,000 homes by 2021

Credit unions await response on €5bn housing fund

Communication with the Government over the Credit Union’s offer of a €5bn loan for social housing is a decision-making roundabout that seems to be interminable, according to its president.

News • 18 Mar 16

102 credit unions still face lending restrictions

Concern at Credit Union lending restriction levels

The Central Bank has said it is concerned at the high level of credit unions which are still subject to lending restrictions.

Business • 01 Feb 16

The Credit Union Restructuring Board (ReBo) was given €250m but said it will need only €20m to complete its work

Credit union restructuring board to return €230m

The board established to restructure credit unions is to return €230m to the Exchequer after it said it will need only a fraction of the funding made available to it.

News • 28 Nov 15

189 credit unions have engaged with ReBo at varying stages of the restructuring process

Many credit unions able to restructure themselves

An assessment of the work of the Credit Union Restructuring Board (ReBo) shows it is clear that the board is fulfilling its role, according to the Department of Finance.

Business • 22 Oct 15

Credit Unions needed to change what they do to stay relevant to customers, according to Anne Marie McKiernan

Central Bank worried over Credit Union viability

The Central Bank is concerned that some credit unions may not be up to the challenge of remaining viable in a rapidly changing sector.

Business • 04 Mar 15

The Office of the Data Protection Commissioner said it 'has commenced prosecution proceedings'

Claims credit unions used stolen data investigated

The Office of the Data Protection Commissioner has said it investigating claims some credit unions may have hired private investigators to obtain confidential details on customers.

News • 15 Aug 14

Central Bank publishes its latest Macro-Financial Review

Central Bank warns on low inflation, housing

The Central Bank has warned of the risks to state and private sector finances from a prolonged period of low inflation.

Business • 12 Jun 14

Insolvency Service of Ireland says only four deals involving mortgage debt have been approved by creditors

Insolvency Service reports low level of deals

The State body established to administer insolvency deals has said the number of agreements approved to date is lower than expected.

Business • 03 Apr 14

Credit Unions warn people over unnecessary debt this Christmas

Half of shoppers set to borrow for Christmas

Half of shoppers expect to borrow money to get through the Christmas season, according to a survey from the Irish League of Credit Unions.

News • 12 Dec 13

Media reports suggested that one in four credit unions in the country is struggling

Issues at 100 credit unions being looked at

Tánaiste Eamon Gilmore has confirmed that the Central Bank is working through a portfolio of 100 credit unions in relation to issues such as levels of arrears and bad debt provision.

News • 13 Nov 13

The Central Bank directly approached individual credit unions about the pilot scheme

Central Bank to proceed with debt scheme

The Central Bank is to proceed with a controversial pilot scheme to write off unsecured debt of distressed borrowers, despite strong opposition from the Irish League of Credit Unions.

Business • 12 Jun 13

Central Bank to pay dividend of €1.1 billion to Government for last year

Central Bank posts profit of €1.4 billion for 2012

The Central Bank made a profit of €1.4 billion last year, mostly from lending money to the country's troubled commercial banks.

Business • 30 Apr 13

Credit unions' nationwide forums start in Limerick

The Central Bank has kicked off its series of Credit Union Regulatory Forum Series for this year in Limerick today.

Business • 10 Oct 12

Some changes needed in Credit Union Bill - Brennan

The CEO of the Irish League of Credit Union has said it will be detrimental to credit unions if certain changes were not made to the draft general scheme of the Credit Union Bill 2012.

Business • 19 Sep 12

Insolvency bill could squeeze out credit unions

Proposed new personal insolvency legislation could have a serious effect on credit unions because of a provision to allow smaller borrowers to apply to have their debts written off.

Business • 16 Jul 12

Michael Noonan addressed delegates at the League of Credit Unions' annual conference

Noonan offers Government support for Credit Unions

Finance Minister Michael Noonan has promised that the Government will support Credit Unions in implementing the recommendations of a report, which proposes the biggest restructuring in the movement's history.

News • 30 Apr 12

<p>What happens if my credit union closes?</p>

People with savings accounts in credit unions will not lose their money even if the branch closes or merges with another in a neighbouring suburb or town.

Business • 05 Dec 12

Credit Unions