Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I welcome the Minister's decision to extend the relevant periods from nine to 12 years and three to four years. This is a pragmatic approach which does not undermine the principle. The credit union movement will benefit from his decision as it will improve continuity. Having a chairman in place for four rather than three years will also strengthen the boards of credit unions.