Oireachtas Joint and Select Committees
Tuesday, 2 March 2021
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Estimates for Public Services 2021
Vote 11 - Office of the Minister for Public Expenditure and Reform (Revised)
Vote 12 - Superannuation and Retired Allowances (Revised)
Vote 14 - State Laboratory (Revised)
Vote 15 - Secret Service (Revised)
Vote 17 - Public Appointments Service (Revised)
Vote 18 - National Shared Services Office (Revised)
Vote 19 - Office of the Ombudsman (Revised)
Vote 39 - Office of Government Procurement (Revised)
Vote 43 - Office of the Chief Government Information Officer (Revised)
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I am happy to. SBCI loans are not just administered through the pillar banks. We extended the range of platforms for the administration of those loans to include non-bank lenders, and there are plans for the SBCI to extend that further. The credit unions are being considered as part of that. We can come back to the Deputy with a precise update on that point. That offers very significant potential for credit unions to gain a foothold in that market. The Minister for Finance has a credit union advisory committee, which advises him on the strategic issues affecting the credit union sector. There is ongoing engagement with the Irish League of Credit Unions, the Credit Union Development Association and the Credit Union Managers Association on all those issues. I would be happy to come back to the Deputy on the specific point on the SBCI and the role of credit unions in that regard.
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