Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I am inclined to leave that matter to the rules of the credit union. If we give this hint to the Irish League of Credit Unions, it will design something appropriate that will run through the system. There is a real issue but we do not want to do something that is excessively harsh and holds someone up to opprobrium in a community where previously he or she was a person of status. We can work on that point. I will stick by the principle, which was recommended by the commission. We will remove the exclusion on people working in neighbouring credit unions volunteering and acting as directors. In the case of the family member, I will approach it by changing, if necessary, the conflict-of-interest provisions so that it is not as absolute as presented currently. In respect of arrears, we will try to go around it by the rules of the credit union. I will hold on the other exclusions to the principle I have enunciated, which runs through the Bill, and on the recommendation of the only other former manager of credit union present at the debate.