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The multinational company, Fexco, is trying to establish a joint venture with a small number of credit unions to provide services to credit unions. I can understand why Fexco would want to do this, if they can make a profit on the deal, but I can't understand what's in it for the credit unions...

More regulation is not necessarily good regulation. Sometimes, the Regulator is protecting himself as in 'if it goes wrong, look at all the restrictions, capital requirements we had in place and it still went wrong', when it could actually be the onerous levels of regulation that will drive a...

Kaplan- now you're just making things up as you go along. Firstly you say 'Irish credit unions have never paid market prices for savings', then you say 'a high dividend rate (4% V market prices of <2%)'. Credit unions most definitely are not permitted to offer credit cards, overdrafts or...

Kaplan - Typical anti credit union speechifying. The vast majority of credit unions are compliant, even with the new regulatory reserve ratio. On the one hand, you compare credit unions with the international credit union movement and on the other, you tell us that credit union share accounts...

The liquidity fund idea was to give those credit unions requiring it, access to liquid funds. Most, if not all of it, would have been funded by other credit unions depositing into it. Definitely not a NAMA type bailout. Those credit unions who decided not to avail of the increased lending...

Once again, having a different viewpoint or disagreeing with an opinion is not the same as avoiding the issues. See Catch22 posts on 24/6/09, 18/6/09, 14/6/09. We all have 20/20 vision in hindsight.

Having a different viewpoint or disagreeing with an opinion is not the same as avoiding the issues. If you only want to hear one viewpoint, I would suggest you log on to www.it'sallaboutmycuvoice.ie. Or read the new book by The Hobbs Twins titled, "Yes, We Do Know It All, Sure We're From Cork...

Let's say I have a loan of €500 with my credit union and savings also of €500. If I wish to withdraw a measly €3.00 to pay for my toll charge, it will have to be approved by the board of directors at their next meeting. And if their last meeting happened to be yesterday, then I will have to wait...

So if credit unions had decided to change their model, they could have paid a guaranteed rate to their members on savings even if they made a loss that year. But because they don't use that model, they can't pay a dividend, even from previous years surplus. In other words, the likes of Anglo...

Good to know my savings in the credit union are guaranteed up to €100,000. I notice the top three banks are all paying 0.01% gross on demand deposit accounts, which doesn't amount to a hill of beans. So even if some credit unions don't pay a dividend, there's not much of a difference between...

Credit Union covered under deposit guarantee scheme Unless my eyes are deceiving me, the Financial Regulator's own website clearly states that savings in credit unions are guaranteed under the Irish Deposit Protection scheme up to €100,000. It strikes me that a lot of people are wise after...