Credit Unions in Trouble

[Slim]

Originally Posted by Carey

This will be interesting to say the least. I bet some of the country ones are absolutely bricking it.

Why do you say 'country' credit unions would be bricking it?

Slim

[Carey]

Many of them are in trouble. They lent huge amounts of money that they cannot now reclaim.
Many were recklessly lending money to people who shouldn't have had loans.

[Padraigb]

Originally Posted by Carey

Many of them are in trouble. They lent huge amounts of money that they cannot now reclaim.
Many were recklessly lending money to people who shouldn't have had loans.

Do you know this, or are you recklessly posting suppositions?

[Carey]

I knows this. I know of one that is extremely badly run by people not fit to run a corner shop let alone a credit union.

[Slim]

Originally Posted by Carey

Many of them are in trouble. They lent huge amounts of money that they cannot now reclaim.
Many were recklessly lending money to people who shouldn't have had loans.

But is it that you are ony familiar with country CUs? Slim