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

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

I have a couple of further points. One of the points made by the bodies on Tuesday was that there is a deficit of meaningful engagement with both the Central Bank, with which we can deal in the next segment, and the Department. The Credit Union Advisory Committee's report highlighted that the sectors concerned need to be taken on board and that serious engagement needs to take place. What engagement has the Department with the bodies? Prior to the current engagement of the implementation group, was there much engagement? The credit unions, rather than me, are making the point, which I am just passing on, that they just do not have the engagement. We asked them on Tuesday for points to be put to the Department. Is the credit unions' comment fair?

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