Dáil debates
Thursday, 8 November 2012
Credit Union Bill 2012: Second Stage (Resumed)
It has taken issue with certain things, and I support it. Will the Minister look at this?
The Irish League of Credit Unions is a membership based organisation and it represents the views of the 3 million members of credit unions. That is some organisation and some group in society. We have a responsibility in terms of inclusiveness and a democratic responsibility to listen to its views. It is entirely appropriate that views of the membership of the Irish League of Credit Union, as expressed in open forums and discussions, are reflected even if those views are contrary to, and at variance with, the recommendations of the Commission on Credit Unions. As the representative group, the ILCU reflects the views of its members as expressed in meetings throughout the country.
This Bill, which represents the most fundamental reform of legislation for the credit union movement in a generation, should be fully debated in the House and all Members' views should be listened to. Many of the stakeholders and many Members of different political parties have a major contribution to make to this debate. The perspective of the members I represent should be reflected in the position advanced in this debate. Nobody's interest is served by stymying the debate on this issue or by seeking to present some form of social partnership around the issue when there are different views and concerns which should be considered. We should listen to the different angles put forward, and there were some excellent contributions to this debate today.
The debate on the Bill will set out the parameters for the future development and operation of the credit union movement. There is widespread agreement on the way forward for the credit union movement. There are still issues of disagreement on how reform proposals will be implemented and I hope these issues will be dealt with by amendments. No one should attempt to foreclose on the debate and, in that vein, I am happy to put on record my views and concerns in regard to this legislation. The Minister should listen to the views of the people involved in the credit union movement, who have made a massive contribution to this society and who represent 3 million people, and take on board the points and concerns I have raised. This Bill is progressive but it could be tightened up and reflect the views and concern expressed by the Irish League of Credit Unions.
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