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Sat 07 Jul 2006Credit unions warned of bad debtsJust one or two large bad debts could severely affect the solvency of credit unions and expose members' savings to unacceptable risk, the Irish Financial Services Regulatory Authority's chief executive, Pat Neary, warned yesterday.Speaking at the 2006 World Credit Union Conference held at the Burlington Hotel in Dublin, Mr Neary said a move by credit unions to offer larger and longer-term loans would require additional expertise and tighter controls to manage the higher risk to members' funds.