Credit unions on withdrawal of Provident and Amigo from Irish market

With the withdrawal of Provident Personal Credit Limited (Provident) and Amigo from the Irish market, credit unions are keenly aware that many of their existing and past customers will be affected. Credit unions remain rooted in local communities and wish to

remind people that they are open to help with their personal financial needs.

Chairman of the National Supervisors Board, Joe Tobin from Fermoy, said that he welcomes members of the public to visit their local credit unions, which remain open for business.

"I would advise people to come in and talk to their credit union and we will see what we can do to meet their borrowing needs," Mr Tobin said.

LOCAL CHOICE

If a person’s previous lender of choice, in particular Provident, Amigo or another lender, is exiting the Irish market, they may wish to get in contact with their local credit union where they’ll receive a warm welcome.

Subject to the terms and conditions of the local credit union, people can apply for a loan and avail of the many services credit unions have to offer. If they previously had a credit union account but have not used it in a while, they may still be able to avail of credit union services.

For those impacted by the recent decisions of banks and other loan providers, please contact your local credit union today.