Pearse Doherty (Donegal South West, Sinn Fein)
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238. To ask the Minister for Finance the persons that own the old Newbridge Credit Union building now occupied by PTSB; and if PTSB is not the owner, if it is paying rent to any State body and the amount of that rent. [33631/14]

Michael Noonan (Limerick City, Fine Gael)
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I have been informed that the legal entity Newbridge Credit Union Limited was placed in liquidation following an order of the High Court granted on 16 December 2013. The Newbridge Credit Union building remains in the ownership of the legal entity Newbridge Credit Union Limited.  The liquidation process is ongoing. 

permanent tsb has made arrangements with the Liquidator to continue to have access to the building for a period of time on a commercial basis and these arrangements are still in place.

Pearse Doherty (Donegal South West, Sinn Fein)
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239. To ask the Minister for Finance if he is going to proceed as previously promised with allowing the common bond areas of Kilcullen, Kildare Town and Rathangan Credit Unions be extended to cover the Newbridge area following the loss of the town's credit union. [33632/14]

Michael Noonan (Limerick City, Fine Gael)
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While the Government is absolutely determined to support a strengthened and growing credit union movement and has highlighted its support for the return of credit union services to Newbridge, my role is to ensure the legal framework for credit unions is appropriate for the effective operation and supervision of the sector.

I have been informed by the Central Bank that it previously confirmed its openness to any proposals to re-establish credit union services in the Newbridge area.  Any proposal to establish a new credit union or to extend the common bond of an existing credit union is subject to regulatory approval by the Central Bank.