Kieran O'Donnell (Limerick City, Fine Gael)
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Is this regarded as a reputational issue in terms of the limit of €100,000? With a view to having a sustainable model for credit unions, what are the current policies or changes that need to be made to provide a credit union with a balance sheet that is solvent and profitable, that can result in the paying of a dividend to members and that allows for lending to individuals and small businesses? What is the logic for wanting to go into the property market? There are risks associated with it.

I am a great believer in the credit union movement and have dealt with it professionally at every level over many years. I just want to get into the space on a practical level and strip away all the abstract talk and distil the matter to the basics regarding what the credit unions need to have in place. There are obviously risks and that is why only 1% of deposit holders have over €100,000 on deposit. Could the delegates strip it down to the basics? What needs to be put in place to bring about a solvent, profitable and dividend-paying credit union movement for members? I am really referring to the old basics.