Dáil debates
Wednesday, 17 June 2009
Financial Services (Deposit Guarantee Scheme) Bill 2009 - Committee Stage (Resumed) and Remaining Stages
4:00 pm
Kieran O'Donnell (Limerick East, Fine Gael)
With regard to the credit union movement, it is proposed under this section that: "A group or groups of credit unions may, subject to the prior approval of the Minister, make an aggregate payment or payments on behalf of each credit union which is a member of such a group in satisfaction of the amount of a deposit in the deposit protection account." Considering the charge to be levied on credit unions, will that be a standard charge on the group or will specific credit unions be considered?
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