Oireachtas Joint and Select Committees

Thursday, 5 May 2016

Committee on Housing and Homelessness

Irish League of Credit Unions

10:30 am

Photo of Anne RabbitteAnne Rabbitte (Galway East, Fianna Fail) | Oireachtas source

When the credit unions had a large build-up of savings and went to a local bank to invest them, be it for three months, six months, 12 months or otherwise, they were allowed to invest. Was that just a cash investment or could there have been different investments, such as bond investments? A bond could have been associated with property or equities. Was the movement tied up in terms of how it was allowed to invest that money?

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