Fintech future for credit unions

Fintech future for credit unions

‘Fintech can make credit unions masters of their own destiny’ (stock image) Credit unions are Ireland’s most trusted financial institutions but they have challenges to overcome if they are to continue growing and serving the ordinary people of Ireland and their communities. A soon-to-be published report from the Oireachtas Finance Committee states that Irish credit unions have an "unsustainable" low level of loans and should be allowed to offer a wider choice of loans, including being able to help fund housing agencies to address the housing crisis. The report will confirm that the loan-to-asset ratio for the sector stands […]