Jennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

The legislation enables credit unions to come together in a whole range of different ways, whether in respect of the cultivate loan, which is already the case, or collective mortgage products. It is important for the legislation not to be prescriptive about the types of financial services that might be offered. I do not want to give an answer that suggests this legislation will be the solution to the problems the Deputy has outlined but the legislation enables credit unions to refer members more broadly, to create collective products and to share risk. It is up to them to determine what those financial products are or what needs in the market may or may not be met by individual credit unions or groups of them together.