Seanad debates
Tuesday, 12 November 2013
Adjournment Matters
Credit Unions
6:05 pm
Rónán Mullen (Independent) | Oireachtas source
I thank the Minister for doing as much as he could but it is not good enough to focus on Newbridge. We did not get the information we sought last week. This response ignores the questions I asked. I repeat that savers and members are being treated with contempt with a lack of information and, in some cases, mixed messages from the Department of Finance. I wonder who will next wake up to find their credit union is secretly a bank. The Minister mentioned 20 credit unions having reported regulatory reserves but out of how many that have reported is that? Is that 20 in total or is it only the figure the Central Bank is prepared to tell us? Overall, I am unhappy with the level of information from Government.
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