Thursday 21 September 2017

A welcome new era for Irish savers

Credit unions plan to take on the banks in providing services including current accounts and debit cards
Credit unions plan to take on the banks in providing services including current accounts and debit cards

Ambitious moves by the credit union sector to take on the banks in providing services including current accounts and debit cards are a welcome boost to consumers.

The period since the crash has seen a collapse in competition across the Irish banking sector - as some bust banks shut down and many foreign-owned operators pulled out of the market.

For decades, the mutually owned building societies were an important pillar of the financial landscape before being swept away after the crash.

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