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The Revolving Credit Opportunity for Credit Unions

Jones, PA, Money, N and Swoboda, R (2018) The Revolving Credit Opportunity for Credit Unions. Working Paper. Centre for Community Finance, Dublin.

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Open Access URL: https://www.cfcfe.eu/research/ (Published version)


Revolving credit is an arrangement that allows a consumer to borrow up to a pre-approved credit limit without having to reapply each time funds are needed. As borrowed money is paid back, the amount of available credit is restored so that it can be drawn down again. Revolving credit is a salient and popular feature of the personal finance markets in Ireland, Britain and internationally, and typically takes the form of personal lines of credit, credit cards and overdrafts. These are core products of credit unions in the US, Canada and Australia. This paper discusses the concept of a simple line of credit facility that operates much like a 'credit card account without the card' and why it is an attractive product for credit unions in Ireland and Britain and for their members. It describes how this product can be designed, marketed, and operated on a safe and cost-effective basis and how its unique risks can be safely managed.

Item Type: Monograph (Working Paper)
Uncontrolled Keywords: credit unions; credit; revolving credit
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HN Social history and conditions. Social problems. Social reform
Divisions: Nursing & Allied Health
Publisher: Centre for Community Finance, Dublin
Date Deposited: 08 Apr 2020 08:57
Last Modified: 18 Nov 2021 12:02
URI: https://researchonline.ljmu.ac.uk/id/eprint/12676
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