Oireachtas Joint and Select Committees

Tuesday, 2 July 2019

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Credit Union Sector: Discussion

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I am seeking to place the change in the funding levy in the context of what will be happening to other levies that the credit union movement is due to pay. My key point on the industry funding levy is that I believe I have given recognition of the particular needs of the credit union movement by ensuring that it pays 50% of the cost as opposed to all of it. That is a proportionate recognition by the Government of the value of the credit union movement and some of the particular challenges that it is facing.

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