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. Tim Molan:
It has implications. By their nature credit unions are restricted bodies and operate to a restricted market. The main caution was that if we diluted the concept of common bond in any way it might open some form of restriction.
When one looks back, there are credit unions whose common bond is the island of Ireland. There is potential for movement on the question and to expand the lending base and, more importantly, to expand the service base.
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