Kieran O'Donnell (Limerick East, Fine Gael)

No one disagrees with that but we are into a new area. I welcome the fact that the deposit protection scheme has been extended to credit unions. Many smaller credit unions in cities, towns and villages throughout the country were the backbone of small savings, small loans and small business. We are entering a new era of the credit union movement and we must find something reflective of the risk they are taking and a charge commensurate with their lower level of risk relative to larger banking institutions.

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