Oireachtas Joint and Select Committees
Thursday, 11 December 2014
Public Accounts Committee
Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013
10:40 am
Áine Collins (Cork North West, Fine Gael) | Oireachtas source
We represent constituencies where there are many credit unions. We are hearing about the process in which they are engaged. We are hearing about governance and we all know why that has happened. The members of the credit union boards are volunteers and they seem to be unclear about some of the processes that the Central Bank is putting in place. I am aware of a credit union that has not had an AGM for three years and has been told by the Central Bank that it cannot hold an AGM.
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