newirishman
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The point of credit unions as far as I can see is to give people who the banks have no interest in lending to access to credit, if you are not in that category then I can see how you would not understand what credit unions do. Admittedly some lost the run of themselves but there are still some very well run ones around that give a very valuable service.
Now anything over €200 loan requires a full financial history including spending on daily meals. Information gathering Inc.
Look at Rathfarnham CU. They must have been going for an award for the ugliest building of the year when they built that.
Frankly I'm aghast at the antics of the protestors outside Newbridge CU yesterday. If they are so dead set against the transfer to PTSB, the Government should have liquidated it or given savers 10c on the euro. Then they would have had something genuine to moan about.
Whats in this for PTSB? Is this a good deal for PTSB or is it a poisoned chalice?
It is important to recognise that there are 37,000 members of Newbridge credit union and by the looks of the RTE footage there were less than 37 at the protest and meeting. I am sure there are many members that are grateful for the bail out and would still like access to a credit union.
Whats in this for PTSB? Is this a good deal for PTSB or is it a poisoned chalice?
Whats in this for PTSB? Is this a good deal for PTSB or is it a poisoned chalice?
Newbridge's population at last census was 21,561. Yet there are apparently 37,000 members in the credit union?
Newbridge's population at last census was 21,561. Yet there are apparently 37,000 members in the credit union?
http://en.wikipedia.org/wiki/Newbridge,_County_Kildare
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