Oireachtas Joint and Select Committees

Thursday, 20 September 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Bill 2012: Discussion (Resumed)

10:15 am

Ms Annmarie O'Connor:

Again, our concern relates to the wording used. Specific reference is made to the savings of members of viable credit unions being secured. We wonder whether this will apply in respect of credit unions that are deemed non-viable. Our view is that the savings of all credit union members should be secured. What we are seeking is to encourage an exploration of the wordings proposed.