Oireachtas Joint and Select Committees

Wednesday, 16 December 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Sector: Discussion (Resumed)

2:30 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

I will conclude on this point. The credit unions will not be able to grow their loan books unless the restrictions are somewhat lifted. How can we get to a point where the registry will feel comfortable enough to lift the restrictions so that they can grow their balance sheets again? They are currently shrinking and if that process continues, they will not survive.

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