Joan Collins (Dublin South Central, People Before Profit Alliance) | Oireachtas source

I move amendment No. 17:

In page 11, before section 8, to insert the following new section:
“8.--The Principal Act is amended by inserting the following subsections after section 26(1):“(1A) In this subsection 'CUSO' means a credit union service organization which has been approved by the Bank according to criteria set out by the Bank and which is engaged in activities and services related to the routine daily operations of credit unions.
(1B) A credit union may promote, invest in, loan to, and or contract with a CUSO.
(1C) CUSO activities or services may include but are not limited to:

(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; and
(viii) debt collection services;

(b) electronic transaction services:

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

(1D) The Bank may make regulations to amend or extend the services and activities set out in subsection (3) provided that such amendment or extension is in accordance with the terms of this Act.”.”.