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Savings, Loan Limit Increases Possible for UK CUs
By Staff WriterMANCHESTER, U.K. - The regulation limiting British credit union member savings accounts to 5000 (US$9,120) may be raised to 10,000 (US$18,238) or to 1.5% of the total credit union shares. The Financial Services Authority (FSA) which regulates British credit unions has just finished a consultation period and will make a...
