Came across this report on
Came across this report on credit unions…turning away deposits because not enough folk are taking out loans! No magical stroke of the keyboard appears to be useful.http://www.independent.ie/business/personal-finance/credit-unions-turn-away-cash-as-bank-rules-force-change-35524415.html
Quote:
For every €100 in savings, €10 has to be put into the reserves. The money that goes into the reserves comes from profits made on loans.