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
12:20 pm
Mr. Fergal Power:
Yes. I am providing the up-to-date position. An amount of €19.1 million in total has been recovered, of which approximately about €15,000 is outstanding from two credit unions and which we are chasing. We have received €5 million from banks in the two years that the fund has been in activity and approximately €14.1 million from credit unions. We anticipate recovering about €7.7 million in levies next year and they will be due with effect from 28 February 2015.
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