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 Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

On deposits, Ms McKiernan says in her statement that she wants to see the credit unions attract younger borrowers. One has to have savings to be a borrower in a credit union. We have recently seen that some credit unions cannot afford to take in savings because all of their deposits have to be backed up. Does Ms McKiernan not think that there must be something wrong when the credit union cannot take in savings from new borrowers or new savers?

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