Irish Examiner – Credit Unions Head For Courts In Debt Quest – 27 December 2013

Irish Examiner

The Irish credit union movement has pursued members through the courts for debts of nearly €35m over the last three years.

By Vincent Ryan

Since 2011, almost 2,000 members have had judgments registered against them for failing to repay monies borrowed.

In 2011, credit unions registered €12.7m worth of judgments against defaulters, in 2012 it rose to €13m, and by Nov 2013, €9m worth of judgments had been registered, according to figures from Vision-net.

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