Niamh Smyth (Cavan-Monaghan, Fianna Fail)
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192. To ask the Minister for Finance his plans to sell buildings owned by the credit union in the towns affected by closures (details supplied) following the closure of the credit union sub-offices in the Ballinagh, Killeshandra, Kilnaleck and Belturbet areas of County Cavan in April 2016,; and if he will make a statement on the matter. [20650/16]

Michael Noonan (Limerick City, Fine Gael)
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Credit unions are member-owned, not-for-profit financial co-operatives that provide savings, credit and other financial services to their members. Similar to any other business, the operation of a credit union is a matter for the credit union itself, including matters regarding the premises from which it operates.

The role of the Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions.

While the safety of members' savings and the security of the credit union sector as a whole are priorities for this Government, the sale or otherwise of a credit union's premises is essentially a matter for a credit union itself to decide upon.