The European Network of Credit Unions (ENCU) and its members extended congratulations to Mairead McGuinness on her appointment as a Commissioner in charge of Financial Services, Financial Stability and Capital Markets.
ENCU further welcomed the Commissioner's agenda for the future of the European financial sector noting its commitment to ensuring access to credit for ordinary Europeans and adequate protections for struggling borrowers amid the crisis. Credit unions make an important contribution to the European social economy by supporting thousands of communities and more than 7 million European households with affordable financial services.
ENCU currently represents approximately 1,000 credit unions in the European Union (EU) with more than EUR 20 billion in total assets thrhough its member countries of Croatia, Estonia, Ireland, Republic of North Macedonia, Moldova, Netherlands, Poland, Romania, and Ukraine,
A copy of the letter can be viewed here.