Tánaiste Welcomes Credit Union Participation in COVID-19 Credit Guarantee Scheme
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. today (Thursday, 14th of January) announced the participation of Metamo Credit Unions and three non-bank lenders: Linked Finance, CapitalFlow and Finance Ireland, in the Government’s €2 billion COVID-19 Credit Guarantee Scheme.
The Credit Guarantee Scheme is the biggest ever state-backed loan guarantee in Ireland. The Scheme offers an 80% Government guarantee to participating lenders to provide Irish businesses, including those in the farming and fishing sectors, with access to low interest loans as they respond to the impacts of COVID-19.
A merger of Cara and Clanmaurice Credit Unions is in the final stages.
Clanmaurice Credit Union, which serves communities in North Kerry including Ballyduff and Causeway, is proposing to merge with Cara Credit Union, which has members in Tralee, Castleisland and Killorglin.
CEO of Clanmaurice Credit Union, Donal Scannell, says increased regulation in recent years means there are more challenges to be faced by credit unions, including requirements to have specialised staff in anti-money laundering and risk and compliance.
Mr Scannell says it’s expected members of Clanmaurice Credit Union will get to vote on the proposed merger in late February.
26th March 2021 Kerry man Maurice Shea, was the last survivor of the Battle of Waterloo. After returning home, he would be forced to emigrate during Black.
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