Page 34 - Kildare CU 2022 AR

NOTES TO
THE FINANCIAL STATEMENTS
23. Credit Risk Disclosures
The Credit Union complies with the Credit Union Act, 1997 (Regulatory Requirements) Regulations 2016. This Regulation:
• restricts the concentration of lending by the Credit Union within certain sectors or
to connected persons or groups (concentration limits);
• restricts the absolute amount of lending to certain sectors to a set percentages of
the regulatory reserve (large exposure limit);
• restricts the loan duration of certain loans to specified limits (maturity limits);
• requires specified lending practices to be in place where loans are made to certain
sectors such as business loans, community loans or loans to another Credit Union.
The carrying amount of the loans to members represents Kildare Credit Union Limited’s maximum exposure to credit risk. The following provides information on the credit quality of loan repayments. Where loans are not impaired it is expected that the amounts repayable will be received in full.
Loans Not Impaired
Not Past Due
Up to 9 Weeks Past Due
Between 10 and 18 Weeks Past Due
Between 19 and 26 Weeks Past Due 1,229 Between 27 and 39 Weeks Past Due - Between 40 and 52 Weeks Past Due -
53 or More Weeks Past Due
Total Loans not Impaired
Impaired Loans
Not Past Due
Up to 9 Weeks Past Due
Between 10 and 18 Weeks Past Due Between 19 and 26 Weeks Past Due Between 27 and 39 Weeks Past Due Between 40 and 52 Weeks Past Due 53 or More Weeks Past Due
Total Impaired Loans Total Loans
706,879 4.18% 334,844 1.99% 143,504 0.85%
54,716 0.32% 80,712 0.48% 50,947 0.30%
2022 2022 2021
€€
2021
%
87.42% 0.21% 0.01% 0.01%
-% 0.01% 0.09%
87.75%
5.99% 1.73% 0.70% 0.43% 0.33% 0.73% 2.34%
12.25% 100%
Amount %
Amount
14,541,118 35,066 935 527 - 1,725 14,464
15,076,804 89.42% 41,208 0.24% 2,641 0.02% 0.02% -% -% 682 0.00%
15,122,564 89.70%
14,593,835
997,935 287,984 116,737
71,849
54,560 121,045 389,813
2,039,923
16,633,758
367,100 2.18% 1,738,702 10.30% 16,861,266 100%
For the year ended 30 September 2022
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