Oireachtas Joint and Select Committees
Thursday, 23 March 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Overview of the Credit Union Sector: Discussion
9:30 am
Paddy Burke (Fine Gael) | Oireachtas source
I welcome the officials from the Department of Finance. I would like to follow up on Deputy Sherlock's questions. Did alarm bells not start ringing in the Department when it emerged that some credit unions were not taking deposits from people? One cannot get a loan from a credit union unless one has savings in the credit union. Many credit unions are not taking the savings of young people who want to save so they can get loans. Did alarm bells start ringing in the Department when certain credit unions said they were not taking any more deposits?
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