Séamus Kirk (Louth, Fianna Fail)
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To ask the Minister for Finance when the restructuring of the credit union sector will be completed; and if he will make a statement on the matter. [14032/13]

Michael Noonan (Limerick City, Fine Gael)
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The Credit Union and Co-operation with Overseas Regulators Act 2012 provides the statutory basis for the restructuring of credit unions and places the Restructuring Board (ReBo) on a statutory footing. The Government has provided €250m to the Credit Union Fund for restructuring under the Act. The ReBo is working towards the timetable set out in the Commission on Credit Union report, with a view to completing the process by the end of 2015.