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Mon 05 May 2006Credit unions' bad debt stance may prove costlyBusiness Opinion: The internal Irish League of Credit Unions (ILCU) report into the financial health of the credit union movement that made its way into the public domain last week paints what is on the face of it a very disturbing pictureSomething in the region of four out of five credit unions are in breach of the ILCU's target for delinquent loans and perhaps more worryingly, nonchalance about the problem seems to be widespread amongst the affected credit unions.