And others who’ve burned through substantial lump sums they’ve had in savings” Says Gillian. “We’ve had members come to us who are spending the majority of their wages each month on gambling. While research indicates that “problem gambling” doesn’t discriminate across social classes or age groups, for ANSAC, more often than not, it’s young males, who are mortgage free, living in their parent’s home who are refused loans due to the amount they’re gambling each month. Or those who have lost significant lump sums they might have had in their savings. It’s those who’ve developed self-destructive habits frittering away a significant portion of their wages each month. It’s not the individuals who bet €15 when they get paid each week that we’ve to habitually refuse to grant loans to. “And we certainly don’t want to enable a vulnerable member to sink themselves into debt.” She adds. And we simply cannot, as a responsible organisation, be so reckless as to lend to someone presenting with a compulsive gambling habit.” Says Gillian Dunne, CEO of ANSAC Credit Union. “As a cooperative financial institution, it’s our members’ savings that we’re lending to other members. With bank and Revolut statements littered with payments to Betting365, PaddyPowerOnline and William Hill to name a few, even they’ve to admit they’re a bad bet. The typical response to which, by the member in question, is a resigned sigh.

I’m ringing to let you know that unfortunately, you’ve failed our loans stress test and that we won’t be able to issue you with a loan.” “Hello this is Louise, one of the Loans Officers from ANSAC Credit Union. Another day, another loan application refused on the grounds of “problem gambling.”

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