Oireachtas Joint and Select Committees

Wednesday, 25 November 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Sector: Discussion

12:00 pm

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

Some of my questions have already been answered. What would the witnesses see as the advantage in delaying the implementation of CP88? How would the witnesses see the modernisation of credit unions, with modern technology and so on, coming about? There would obviously be a hope of some Government involvement. How might that work out?

On providing funding for social housing, would the Government be the borrower? How would it operate in practice? Some credit unions are very substantial bodies while others are small. Would a programme of widespread amalgamation assist the smaller credit unions in strengthening them and their operations? It is really important that we continue to have a very strong credit union movement and it is even more important now, for the reasons Deputy Spring mentioned, with so many commercial banks becoming more removed from the general public.

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