Oireachtas Joint and Select Committees

Thursday, 20 September 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Bill 2012: Discussion (Resumed)

11:50 am

Mr. Pat Owens:

I think so. I am not an expert on the overall size of credit unions, but my understanding is that between 20 and 25 have assets of more than €100 million. Having said that, our belief is the legislation will cause many more credit unions to end up in that category because it will force amalgamations.