Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I await the report with interest, but the primary objective was to protect the savings of the members of Newbridge Credit Union. It was a close-run thing. We were within a week of the credit union's being forced into liquidation and there was no other option left. I am grateful to Permanent TSB. It had no commercial interest in the matter but it intervened because we asked it to save the credit union and people's savings. It is not ideal, but that is the way it happened. It is a pity the credit union movement was not able to come up with a solution.

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