Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Irish league Many CUs may forego dividends
DUBLIN, Ire. (4/17/09)--Although the financial health of Ireland's credit unions is "robust," a number of credit unions will not pay a dividend to members this year because of the poor performance of their investments, according to the Irish League of Credit Unions. League CEO Kieron Brennan said that typically more than half of the country's credit unions pay members a dividend. However, they would have to make substantial writedowns in the year to September 2009 on the value of investment assets, and this would effect dividends (Business and Finance Daily News Service April 16). Still, Brennan described the movement's financial health as "robust," and said there was no danger of credit unions suspending services. Loans by credit unions grew 6.7% to 7 billion euros (US$5.3 billion). The number of loans in arrears rose slightly, with 6.5% of outstanding payments more than 10 weeks late. Savings remained unchanged at 11.9 billion euros ($9 billion) and total assets grew 0.2% to 13.9 billion euros ($10.5 billion).


RSS





print
News Now LiveWire
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
8 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
8 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
12 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
14 hours ago
Refinance #MarchMadness: Refis drive up mid-March mortgage apps: MBA http://t.co/rTUnlJB516
18 hours ago