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The 27th annual All-Ireland Credit Union Poster Competition has been launched. The competition, which attracts up to 30,000 entries each year, will be run through a network of some 500 credit unions located throughout the island of Ireland.

The Irish League of Credit Unions is deeply unhappy with the proposed amendments to the Central Bank Bill 2010 as set out by the Minister for Finance last week. The ILCU feels that the Minister for Finance and the Registrar of Credit Unions are attempting to control credit unions in an unreasonable way which will ultimately mean that credit unions will be unable to assist their members as they have done in the past.

Boys and girls making their communion in recent weeks will have experienced their first taste of ‘big money’ and the credit union is now offering advice on how to make this money go far. Mr Paul Walsh, CEO of CUNA Mutual, the credit union insurer, said that Holy Communicants receive hundreds and thousands of euro on their big day and is now encouraging parents to have their eight and nine years olds lodge their cache as savings.

Sinn Féin councillor Therese Ruane has called on Mayo County Enterprise Board to meet with Credit Unions across the county to initiate a small business loan scheme. Cllr Ruane believes that such a scheme would save dozens of small businesses and hundreds of jobs across Mayo.

Financially crippled and struggling to pay off debts, a Loughrea man walked into a credit union pretending to be a relative of his wife and tried to withdraw €6,500, the Galway District Court heard this week.

While the credit crunch is gripping the world, and businesses and individuals are struggling to get credit from banks, the message from Ballyhaunis Credit Union is that they have money to lend.

Kilkenny has suffered it’s worst pre-Christmas trading in over a quarter of a century according to Fine Gael’s new candidate in the local elections David FitzGerald.

With all the press coverage credit unions have been receiving in the past few months, some good and some bad, St Brigid’s Credit Union would like to take this opportunity to assure its members of how safe their money is.

Two Galway based credit unions have announced their intention to merge their respective operations into one business.

More than 300 credit unions will take part in this year’s poster competition, My Credit Union, My Choice, with the competition beginning this month.