Kieran O'Donnell (Fine Gael) | Oireachtas source

The traditional lifeblood of the credit union involved it taking money from its members and then lending it out to its members. Typically, the money would have been on deposit with the local bank. That was the traditional model as I understood it and I have been a member of a credit union for virtually my entire adult life. I want to tease out the practicalities. Could Mr. Molan tease out what happens if someone comes into a credit union with €10,000 they inherited or in savings? I want to understand the implications of that for the capacity of the credit union to function and lend money. Could Mr. Molan distill it down because it may be a bit abstract for some people?