In episode 31 of the Talking Credit Unions series, Chris Smith talks to Paul Jones and Nick Money from Swoboda about the role of dividend, the importance of savings and the necessary balance of interests between savers and borrowers that boards need to consider. Chris also asks questions of credit union leaders from across Ireland and GB to find out what they think of their saver members’ attitudes to returns, at a time when base rate rises are starting to be reflected in bank deposit prices. Will credit union members take their funds elsewhere for better rates? Can dividends be competitive? Do they need to be? Is there an emerging risk to credit union balance sheets and liquidity?

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* “Rate tarts” – a term used in banking to describe someone who transfers balances repeatedly, chasing the best possible interest rates on savings. 

And if you like this, don’t miss out on the other podcasts from Talking Credit Unions, which has covered all sorts of credit union topics since it launched in 2020. All episodes can be found on Swoboda’s Audio page. Alternatively, you can listen or subscribe to the series on Spotify, Google Podcasts, Apple Podcasts and many other podcast apps. Just search for Talking Credit Unions.

Swoboda Research Centre is proud to be the exclusive sponsor of Talking Credit Unions.