Seanad debates
Tuesday, 11 December 2012
Credit Union Bill 2012 : Committee Stage
4:35 pm
Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source
It only applies to newly-formed credit unions and as I understand it, there is no application to existing credit unions. It is another layer of security where a new credit union is formed. We have not seen many of these in recent years but that is not to say that in future, this will remain the case. The proposal would only apply to new credit unions.
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