#credit-unions

#credit-unions

The new product has one of the lowest interest rates in the market and comes weeks after credit unions were cleared to triple their current mortgage and business lending. Central Bank executives have given the go-ahead to changes to lending regulations for the sector. The new rules would allow an increase in the total lending capacity of the sector for mortgage and business lending from €2.9bn to €9.9bn, the Central Bank said. A number of larger credit unions already offer mortgages, but each has a different interest rate.

A leader leading from the front sets the tone for the rest of the crew, emphasizing that senior management is essential for nurturing a positive organisational culture.