Oireachtas Joint and Select Committees

Thursday, 11 December 2014

Public Accounts Committee

Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013

12:10 pm

Mr. Bobby McVeigh:

Yes, we will send it here too. That is absolutely no problem.

When one looked at the fund that was established and the rationale for establishing it at the time, as we would say down in Cape Breton, the "water on the beans" has changed substantively since the initial amount was determined, based on the sector. The resilience of the credit union movement in that timeframe has been tremendous. Full marks must be given to the Credit Union Development Association, the Irish League of Credit Unions, ReBo and the support organisations.

I do not have the specific statistics, but I believe that membership is stable and/or increasing in the sector. They trust the credit unions around this country.