Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome Ms McKiernan and her colleagues. I think all the detailed questions have been covered. Overall, based on present trends, what does Ms McKiernan think the credit union sector will look like in, say, ten years time? We have already seen much consolidation. She has outlined this overall and the relevant figures. Her full written statement states that "if current loan, investment income and cost trends continue, an increasing number of credit unions could face serious viability issues in three years' time - highlighting the urgent need to now address the business model challenges the sector faces". However, as it stands, and based on current trends, what will the sector look like in ten years' time, in her view?