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Topical Issue Debate (Resumed): Special Protection Areas Designation (17 Dec 2014)

Áine Collins: I welcome the opportunity to speak on this important issue. I represent the constituency of Cork North-West. It is a rural constituency and I am concerned about the impact that European directives are having on the livelihoods of small land-holders and family owned farms in this area. Most of the area of western Duhallow was considered a disadvantaged area for many years. It was also...

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: I am glad the Chairman noticed.

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: That does not mean to say it is right, but we will not have that conversation. I ask the clerk whether we invited representatives of the ILCU to come before the committee today.

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: I know there was not anything-----

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: -----and I am not here representing them, but if we are having a discussion with the industry, it would have been nice to have the people representing it here.

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: I have a brief question, although I do not know if the regulator, Mr. Doyle or whoever can answer it. Are credit unions allowed to lend money to small businesses? We know it is happening, but are they legally entitled to do it?

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: That would be helpful.

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: Thank you.

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: Or indeed here.

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: It is about diversity, it is not about gender.

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: Members are concerned when AGMs are not held. I appreciate the argument about destabilisation. When an AGM is not held, it gets around pretty quickly among the members that there is a problem. It is not open and transparent. We do not want to go back to where we all were a number of years ago, when people did not know what was going on. It is a serious issue. Will the officials look...

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: I accept that. The credit unions are of huge value in the community. We all have concerns about their future.

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: As we all know, the credit unions that continued to give €5,000 loans are not the credit unions that caused the problems.

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: The ethos and the governance was an issue. How many mergers have taken place?

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: Were all of these mergers voluntary?

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: Are these credit unions that have financial issues or are they all healthy?

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: Right. They just see it as-----

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: I know. I accept that.

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: I thank the Chairman and the officials.

Public Accounts Committee: Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013 (11 Dec 2014)

Áine Collins: Yes.

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