Written answers
Tuesday, 26 November 2013
Department of Finance
Credit Unions Liabilities
Terence Flanagan (Dublin North East, Independent)
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183. To ask the Minister for Finance if he is satisfied that the Garda credit union is fully capitalised. [50604/13]
Michael Noonan (Limerick City, Fine Gael)
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I have been informed by the Central Bank that under section 33AK of the Central Bank Act 1942, they cannot comment on matters in relation to an individual credit union. I note from the website of St. Raphael’s Garda Credit Union that its Annual General Meeting is scheduled for 17 December at which the financial position of the credit union would be expected to be presented to members.
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