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Seanad: Reports on Motor Insurance Costs: Statements (22 Mar 2017)

Kieran O'Donnell: They could have been going to Lough Gur as well, which is on the way.

Seanad: Reports on Motor Insurance Costs: Statements (22 Mar 2017)

Kieran O'Donnell: At 2.30 p.m. next Tuesday.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: I welcome the witnesses. At this stage we are old friends and have been dealing with each other over many years. To cut to the heart of it, there was a report recently in one of the newspapers, perhaps theIrish Examiner, that credit unions were refusing deposits and did not wish to take in deposits. Is that reflective of the views of the credit unions on the ground?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: What is the reason?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: If the credit union takes in €10,000 over the counter, it must come up with €1,000-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: Out of its existing resources?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: The traditional lifeblood of the credit union involved it taking money from its members and then lending it out to its members. Typically, the money would have been on deposit with the local bank. That was the traditional model as I understood it and I have been a member of a credit union for virtually my entire adult life. I want to tease out the practicalities. Could Mr. Molan tease out...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: Is it a fact that some credit unions can afford to take in deposits and that they are profitable enough to be able to live with it? Is the fact that some are refusing to take in deposits a reflection of the individual credit union's financial capability? The fact that credit unions are refusing to take deposits from the ordinary person goes against all the principles of the credit union...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: What would be the witnesses' number one priority for the people they represent? What changes need to take place to solidify the growth potential of credit unions so that they would be secure into the future but would not put the prudential side at risk for their balance sheets?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: Does Mr. McCrory feel credit unions are like a creamery that does nothing more than collect milk and supply it to the bigger creamery?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: Matters are dictated by the bigger-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: It is a bit rural all right.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: Is there one item Mr. Johnson or Mr. Molan would like to see changed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: If Mr. Johnson takes one bite at a time he will have a better chance of getting a result than looking for a myriad of items.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: What does Mr. Molan classify as community lending?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: What will unlock that? I have said many times that I believe the credit union movement-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: What will unlock that restriction?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

Kieran O'Donnell: What is the key mechanism that will unlock it?

Seanad: Commencement Matters: Air Quality (8 Mar 2017)

Kieran O'Donnell: I thank the Minister, Deputy Denis Naughten, for attending today. His Department, under his guidance, announced last week additional funding for the Environmental Protection Agency, EPA, for the provision of a number of additional air quality monitoring stations nationwide. Through the Minister's Department, I have made a formal request to the EPA so that, as part of this programme, it will...

Seanad: Commencement Matters: Air Quality (8 Mar 2017)

Kieran O'Donnell: I welcome the fact the EPA will erect two new monitoring stations, one in Limerick city and one in Abbeyfeale. What is the timeframe for and the location of the Limerick city station? It is important it deals with issues about which people have major concerns and on which they need reassurance, including the emissions from plants such as the Irish Cement plant in Mungret. The Minister...

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