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

1:00 pm

Mr. Bobby McVeigh:

We work hand in glove with the registrar’s office. It imposes the restrictions so it must lift them. I have asked the question directly as to whether the lending restrictions are imposing difficulties on the majority of credits unions that have them. I have been told that the majority of the loans in those credit unions with restrictions are below the cap that has been imposed.