Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I will comment briefly on the question about a new Act. I am not going to give a commitment now on new legislation until I know what the legislation would be needed for and its role. However, I am open to any changes that I believe can play a positive role in supporting the role of the credit union movement in Ireland.

Deputy Nash touched on two points that I accept. The first is the really important social and community role that members of the credit union movement play throughout the country. The second is the fact that we need to continue to try to find new sources of competition and diversity in how financial services and products are provided to citizens. I am altogether aware of the role the credit unions have played in supporting their members who were subject to income and job difficulties at what was, and continues to be, a difficult time for our country.

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