Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I am sure the Minister will agree that the credit union sector is vital to the economy and the country and provides an important counter-weight for a banking sector that is still struggling to find its feet. Key issues affect the credit union sector as it is going through a transformation phase. There is much consolidation and credit unions are struggling under onerous lending restrictions. The Credit Union Restructuring Board, ReBo, is doing its work in restructuring credit unions. I hope the Minister can give the House an update on the financial health of the sector as per the latest Central Bank assessment.

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