Oireachtas Joint and Select Committees

Tuesday, 21 March 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Overview of the Credit Union Sector: Discussion

4:00 pm

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

That is a significant part of the reason some credit unions might be restricting the funds because the more funds they take in, the more money they will be charged by the banks for managing those funds on their behalf. Historically, if they put money into a bank, they got an interest rate back.

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