Kieran O'Donnell (Fine Gael) | Oireachtas source

No. This is basic stuff. It is all very well saying there is a loss, but there has to be a reason. I want to know the rate of interest a credit union needs to charge to cover its overheads. The question one then has to ask is whether the credit union movement's cost base is too high. I have to ask the questions. I am here a long time and credit union representatives have been appearing before us since approximately 2007. We were discussing the same issues 12 years ago. I acknowledge restructuring is taking place, but I need to understand what can be done with the credit union movement in terms of its structure because I passionately believe in what it does. What rate of interest should the movement be charging on micro-finance to make a return?