Article: THE 2.2 million members of credit unions might have reason to worry after a string of bad news stories in the last while.

MEMBERS WORRIED

Credit unions have been bedevilled by bad news lately despite avoiding the type of reckless lending that has ruined the banks. So, is the money of credit union members safe? asks Charlie Weston

THE 2.2 million members of credit unions might have reason to worry after a string of bad news stories in the last while.

Earlier this year it emerged that Mitchelstown Credit Union in Co Cork, one of the country's biggest credit unions, was facing a financial crisis because of loan arrears.

In all, some 10 credit unions have been told by regulators to stop lending because of problems with arrears.

Last week it emerged ...

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