Oireachtas Joint and Select Committees

Thursday, 20 September 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Bill 2012: Discussion (Resumed)

11:20 am

Mr. Gerald McConville:

We would welcome most of it. We would definitely have concerns about the terms of office. If one has somebody with experience, one needs continuity. There is something in the Central Bank legislation which provides that one has to make an exception for beyond nine years and we think that should probably apply to credit unions as well rather than having an absolute barrier to people continuing on beyond nine years.