Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

I thank the Minister of State. I would like some detail on that review process and its timeline. Will that happen in the first quarter of next year? Will the recommendations the Minister of State is hoping to bring require legislative change? If so, do we have any sense of a timeline on that?

A number of us met with credit union representatives a few weeks ago and the Minister of State was on that call. There was a sense of ambition from them, a sense of wanting to respond to the various challenges facing communities. With banks withdrawing from them, the credit union is the perfect organisation to step into that sphere right across the country. There was also a sense that they wish to do different things to respond to different demands. It is quite interesting that yesterday's report from the Central Bank highlighted climate change as a challenge for credit unions, whereas the credit unions see climate change as an opportunity to partner with communities, homeowners and families to respond to it. I ask the Minister of State to comment on the review, the timeline and any potential legislative changes.

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