3.00" We look at whether credit unions can replace departing banks, Ulster Bank and KBC Bank? SAVVI Credit Union, that emerged from the ESB Credit Union, but that now serves its entire local community, is set to take on the world. Savvi's CEO Mark Beirne and Head of Business Growth, Conall O'Callaghan, join TeamGBS to tell us that they have loans up to €1 million available for businesses and that often (not always!) personal guarantees may not be required. Like most credit unions they are currently cash rich and very, very keen to lend - for mortgages, home improvements, green energy loans (solar panels etc), car loans....yes, we may have unearthed that pot of gold you were hoping for. However, we also found out that the pair hadn't listened to That Great Business Show podcast - ever! - so once locked into the studio, we made them wriggle and squirm until they promised they would, would, would listen back to all previous 101 episodes. We like to 'do business differently'. Have a listen to how Savvi will take on the world, how they want to become a competitor to AIB and Bank of Ireland and the inspiration they draw from the Sparkassen finance group in German that has grown from something similar to our credit unions, to a main pillar bank supporting SMEs in Germany.Mark's Hire in a Heartbeat? Damien Daly, COO, Finance Ireland.Find all episodes at www.ThatGreatBusinessShow.com Hosted on Acast. See acast.com/privacy for more information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related