Mr. Ed Farrell:

The interest rate could be much lower in the credit union. Every lender needs to be able to make an adjudication on ability to repay. I would encourage people to have the conversation. The credit union might have another idea that has not been considered by a stressed borrower or member who is not in a clear frame of mind.

Deputy Casey asked about members' views on credit unions. I invite Mr. Malone to speak about a survey that was done by the Irish League of Credit Unions as part of the preparation of a consultation paper.