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
1:00 pm
Mr. Bobby McVeigh:
We work hand in glove with the registrar’s office. It imposes the restrictions so it must lift them. I have asked the question directly as to whether the lending restrictions are imposing difficulties on the majority of credits unions that have them. I have been told that the majority of the loans in those credit unions with restrictions are below the cap that has been imposed.
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