Seanad debates
Tuesday, 11 December 2012
Credit Union Bill 2012 : Committee Stage
4:15 pm
Kathryn Reilly (Sinn Fein) | Oireachtas source
I do not think credit unions want to be a single bank or branches. This is why I referred to shared services. I know the services detailed in amendment No. 7 cannot be introduced overnight. There are issues with risk management, which the Minister of State mentioned, but it should not preclude the Bill detailing what such services could include. This is why the amendment sets out the difference between branching and shared services because there are many positives that can come out of this and because it would allow credit unions to be as efficient and responsive as possible. This is why I will be pressing amendment No. 7.
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