Tommy Broughan (Dublin North East, Labour) | Oireachtas source

I move amendment No. 13:

In page 17, after line 48, to insert the following:“14.—The Principal Act is amended by substituting the following for section 48:

“48.—(1) A credit union may promote, invest in, loan to, and/or contract with a credit union service organisation approved by the Bank (on such terms as the Bank considers appropriate) and engaged in activities and services (‘CUSO activities or services’) related to the routine daily operations of credit unions.

(2) Nothing in this section or the following provisions of this Part affects the operation of any enactment which is not contained in this Act and which, in whole or in part, relates to the provision of CUSO activities or services.

(3) CUSO activities or services may include but are not limited to the following:

(a) clerical, professional and management services:

(i) accounting services;

(ii) internal audits for credit unions;

(iii) credit union risk and compliance;

(iv) management and personnel training and support;

(v) marketing services;

(vi) research services;

(vii) procurement related services;

(viii) debt collection services;

(b) electronic transaction services:

(i) automated teller machine (ATM) services;

(ii) debit card services;

(iii) electronic fund transfer (EFT) services.”.”.

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