Government Levy On Credit Unions To Be Reduced By €7m

It's hoped the savings from the reduction will be passed onto consumers.

A Government levy on credit unions is being cut by more than half. 

The state will take in €5m from the sector in 2021, down from €12m this year. 

The Irish League of Credit Unions says the move will go a long way to alleviating the impact of the pandemic on their balance sheet.

Minister of State with responsibility for the sector and Laois/Offaly TD Sean Fleming wants them to take this saving back to the consumer:

 

 

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