Friday 20 October 2017

St. Raphael's Garda Credit Union: Correction

In an article on St Raphael's Garda Credit Union in last week's issue, it was incorrectly stated that "seven out of 10 loans on the books of the Garda Credit Union will have to be rescheduled." The correct figure is less than one in 10 loans, and the correct figure for "written off" loans represents 3.7 per cent of the total loans.

The article also referred to the 2012 annual report as "the latest annual report" but the report for 2013 was published in recent weeks and announced profits for the year of €7.3 million.

We are happy to make this correction.

Irish Independent

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