Oireachtas Joint and Select Committees
Thursday, 28 February 2019
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Estimates for Public Services 2019
Vote 1 - President's Establishment (Revised)
Vote 2 - Department of An Taoiseach (Revised)
Vote 3 - Office of the Attorney General (Revised)
Vote 4 - Central Statistics Office (Revised)
Vote 5 - Office of the Director of Public Prosecutions (Revised)
Vote 6 - Office of the Chief State Solicitor (Revised)
Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source
That is something I need to study more closely. I know it is not a new idea - it has been around for quite some time. I know the Deputy's party has put it forward that credit unions should be able to lend for housing construction. I am not entirely sure that that is a Government decision at the end of the day. It may be a matter for the Central Bank to decide whether they can do that. I could be totally wrong. Maybe it is something that I need to explore a bit better, but there is always something that we have to bear in mind when it comes to enabling credit unions to get involved in development finance, and that is the potential risk to savings. The credit union model is all about small savings and small loans. When credit unions start to do things that banks do-----
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