John Perry (Sligo-North Leitrim, Fine Gael) | Oireachtas source

I am amazed that although the fund was established in 2011, only €3.5 million has been drawn down. I have been told the fund is to finish by 2015. I have listened attentively to all the questions asked. How does the board expect to clear the fund by 2015? The cumulative operational costs would be approximately €1.3 million on a distribution of €3.5 million, which would mean that the running costs are one-third of the fund given out. Is it not a contradiction to have €250 million remaining when so many credit unions are in difficulty?