The Chairperson of Buncrana Credit Union says while a small number of customers are using the recession as an excuse not to repay their loans, the vast majority are, and the credit union is healthy and functioning.
A story in this morning’s Irish Times says the credit union believes a number of people are “abusing their membership and their community” by failing to honour their debts.
It’s loan book is in the region of €15 million.
Chairperson Danny Mc Geehan says a number of people are having difficulties, and in those cases, repayment schedules are being agreed. He says anyone in genuine difficulty should talk to the credit union………..
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