Thomas Pringle (Donegal, Independent) | Oireachtas source

The Minister indicated the Department favoured the second of two models proposed by the Irish League of Credit Unions. I did not catch the details of this model but perhaps the Minister will expand a little on it.

The Registrar of Credit Unions is responsible for the regulation of credit unions. The issue, however, is whether the Government views the proposals from the credit unions as a desirable policy direction, as this would significantly influence the level of engagement by the Registrar of Credit Unions with the credit union sector in advancing the proposal. Is the onus for developing a vehicle for funding the delivery of social housing on the credit union sector or would it work in partnership with the Departments of Finance and Environment, Community and Local Government to develop its proposed model?

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