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

11:00 am

Photo of Robert DowdsRobert Dowds (Dublin Mid West, Labour) | Oireachtas source

The other side of this question is that, in general, and while I know there are some exceptions and there are the credit unions that have got into trouble, credit unions appear to be well-capitalised and the moneys set aside by the Department of Finance for the credit institutions resolution fund and the credit union fund - €250 million for each - does not seem to be as necessary as, perhaps, was considered in the first place. Is that an accurate observation?

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