Oireachtas Joint and Select Committees
Wednesday, 21 November 2012
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Credit Union Bill 2012: Committee Stage
3:25 pm
Joan Collins (Dublin South Central, People Before Profit Alliance)
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I move amendment No. 16:
In page 9, before section 7, to insert the following new section:
“7.--The Principal Act is amended by inserting the following subsections after section 6(5):“(6) A credit union may lend to a State guaranteed project which is in keeping with the objects for which credit unions are formed as stated in this section.
(7) Notwithstanding the provisions of this section, nothing in the foregoing shall prevent a credit union from providing certain services, to be prescribed by the Bank, to a credit union or a member of another credit union registered under this Act.”.”.