Robert Troy (Longford-Westmeath, Fianna Fail) | Oireachtas source

I have not formally engaged with the credit union yet but it is on the agenda in the coming weeks. However, I have engaged informally. My own credit union had me at its schools table quiz last Thursday night and used the opportunity to talk to me about some of the challenges it is facing. I will be engaging with the credit unions in the coming weeks. The Deputy will be aware that the programme for Government contains a commitment to establish a five-year strategy to set out clearly, in consultation with the credit union movement, how we would like to see it develop and grow over the next five years. Credit unions do provide an invaluable service in their respective communities and offer an opportunity for greater competition in the financial services market. I will work with the credit union movement and Members in this House to clearly set out how we would like to see, develop and grow it in the coming years.

I engaged with my officials on the dormant accounts question earlier this week. How that might work in the future is under review.

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