Oireachtas Joint and Select Committees
Thursday, 31 January 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Credit Union Advisory Committee: Discussion
Mr. Ed Farrell:
As Mr. Johnson said, even if one assumes a €500 loan will be paid off, the €35 interest charged for the year will not cover the administration fees. Of the €4.5 billion in credit union loans, those types of loans probably account for only a couple of hundred million euro. However, that is not what we are majoring on in the report. That is only a small element of the report.
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