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

Ms Anne Marie McKiernan:

A significant number of credit unions - some number of credit unions in that cohort - are often subject to a transfer of engagements or considering a transfer of engagements approach. It is not a direct correlation, but we have noted that 27 mergers are in progress. They would tend to be, although not exclusively, concentrated in the lower loan to asset category.

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