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

Mr. Brian McCrory:

For ten years, the Irish League of Credit Unions has made it clear that its members had ambitions to invest in social infrastructure. With the financial crisis and the social housing crisis, everybody is talking about the dire straits people are in and how terrible the situation is but the Irish League of Credit Unions and the credit union movement will not be able to satisfy the finance needs in order to solve that. No matter what we say, it does not appear to be acceptable. We asked to be told how high to jump and what our governance structure and capital requirements should be. We need to be told what we need to do to be allowed to do this but we asked over a year ago and have not had an answer.

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