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Mon 05 May 2007Credit union rescue fund at risk, says ILCUThe emergency fund used to help out credit unions in trouble is at risk because of its heavy exposure to bank bonds that have slumped in value.The controversial Savings Protection Scheme (SPS) run by the Irish League of Credit Unions (ILCU) has about 10 per cent of its €100 million fund invested in open-ended perpetual bonds, according to ILCU chief executive Liam O'Dwyer.