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Credit unions call for brakes to be released on lending

Lack of policy forces 'people's bank' to sit on billions in assets

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The ILCU represents 226 credit unions across the State out of a total of at least 241. Stock image

The ILCU represents 226 credit unions across the State out of a total of at least 241. Stock image

Plea to Government: ILCU president Gerry Thompson

Plea to Government: ILCU president Gerry Thompson

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The ILCU represents 226 credit unions across the State out of a total of at least 241. Stock image

CREDIT unions have accused successive governments of allowing a "policy vacuum" to emerge for the sector.

They claim this has led to a "perfect storm" where they are struggling to get people to take out loans with them, despite having billions of euro in assets.