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
Gerry Horkan (Fianna Fail) | Oireachtas source
While it is appropriate that they be looked at, does Mr. Carville envisage the Department either having or not having enormous concerns about the idea that those investment criteria would be adjusted and broadened out? There are very few places that credit unions can invest their funds. They are in an unusual position of having €11 billion on deposit and wanting to make investments with it for the good of their members and for society generally but they are restricted from doing so. Will the Department be positively disposed towards allowing that money be harnessed in a positive way?
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