Oireachtas Joint and Select Committees

Wednesday, 16 December 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Sector: Discussion (Resumed)

2:30 pm

Photo of Michael CreedMichael Creed (Cork North West, Fine Gael)
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How can the community ethos be protected in the context of restructuring or rationalisation? How can the registrar protect the community ethos in terms of the reach of the credit union movement into the communities that I represent and yet have fewer credit unions? Ms McKiernan referred to there being a current loan arrears figure of 13.5% and, in some instances, up to 30%. Is there a direct correlation between credit union size, governance and the size of arrears?