Oireachtas Joint and Select Committees

Tuesday, 21 March 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Overview of the Credit Union Sector: Discussion

4:00 pm

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

The credit unions are probably keeping the banks afloat. Essentially that is what is happening. Were credit unions to all pull their money out from the banks, they would all start crying for help again. It seems to be the case that there is a vested interest here.