Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I move amendment No. 12:

In page 9, before section 7, to insert the following new section:"7.--The Principal Act is amended by the insertion of the following new section:

"26A.--(1) A credit union may promote, invest in, loan to, and/or contract with a credit union service organisation approved by the Bank (on such terms as the bank consider appropriate) and engaged in activities and services of the credit union service organisation related to the routine daily operations of credit unions.
(2) Credit union services organisation activities or services may include but are not limited to the following:

(a) clerical, professional and management services:

(i) accounting services;
(ii) internal audits for credit unions;
(iii) credit union risk and compliance;
(iv) management and personnel training and support;
(v) marketing services;
(vi) research services;
(vii) procurement related services;
(viii) debt collection services;

(b) electronic transaction services:

(i) automated teller machine (ATM) services;
(ii) debit card services;
(iii) electronic fund transfer (EFT) services.".".