Michael McGrath (Cork South Central, Fianna Fail)
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In many credit unions the role of treasurer has been subsumed into the work of the executive because of its nature and complexity. It is no longer the kind of work a volunteer could reasonably be expected to do. Nevertheless, I have a sense that the credit unions want the office of treasurer to be retained. They want a treasurer to have a role, perhaps in chairing a finance committee and presenting accounts. They accept, however, that the treasurer's function is now more limited and that the role of a treasurer has changed. That has happened anyway and the Bill reflects that. There remains an attachment to the role of treasurer in credit unions, given their voluntary ethos. If there is a way of squaring the circle we should do so.