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
The Central Bank has reservations about long-term lending by credit unions. What are these reservations and what is meant by long-term lending? Is it 20 to 30 year mortgages? If so, where are the problems envisaged? Is it in recovering money or tying down assets? The Central Bank obviously had problems with it.
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