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The Financial Co-operative System in Ireland

In: Credit Cooperative Institutions in European Countries

Author

Listed:
  • Olive McCarthy

    (University College Cork)

  • Sharon Farrell

    (Irish League of Credit Unions)

  • David Hewson

    (Irish League of Credit Unions)

Abstract

The financial co-operative system in Ireland is comprised mainly of credit unions. The Irish credit union movement includes over 520 individual credit unions with a combined asset base of over 16 billion euros, total membership of over 3.6 million people, total savings of over 13 billion euros and total lending of over 4.5 billion euros. This chapter explores the current size, structure, operations and challenges of the movement across two jurisdictions: Northern Ireland and the Republic of Ireland. This is a particularly difficult and complex time for credit unions in both jurisdictions as they face significant regulatory, legislative and structural changes.

Suggested Citation

  • Olive McCarthy & Sharon Farrell & David Hewson, 2016. "The Financial Co-operative System in Ireland," Contributions to Economics, in: Simeon Karafolas (ed.), Credit Cooperative Institutions in European Countries, pages 127-147, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-28784-3_7
    DOI: 10.1007/978-3-319-28784-3_7
    as

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