Saturday 20 January 2018

Campaigners fear Newbridge is 'whipping boy'

Charlie Weston

Charlie Weston

JUST how could it cost as much as €70m to bail out a credit union?

That is the question that will be on many people's lips on hearing that the Finance Minister has revealed the huge figure as the price it will take to shore up Newbridge Credit Union if a regulator-proposed plan to merge it with the Naas union goes ahead.

After all, are credit unions not supposed to be about small loans to buy a car or fund a son or daughter through college?

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