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Fri 06 Jun 2007Credit unions work to protect savingsAs with most organisations, the principles of good governance and accountability play an increasingly important role in underpinning the credibility and transparency of credit unions."The management and governance of credit unions is focused on ensuring that the social and finance principles of the credit union movement are met - members being treated with dignity, fairness, honesty, transparency, and funds being managed with prudence so that the outcome for the member is always 'value for money'," says Liam O'Dwyer of the Irish League of Credit Unions (ILCU).