Written answers

Tuesday, 29 September 2020

Photo of John LahartJohn Lahart (Dublin South West, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

74. To ask the Minister for Finance if he will report on the review of the policy framework within which credit unions operate. [26718/20]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The Government welcomes the important work credit unions are doing to support communities throughout Ireland at this difficult time and recognises the key role that credit unions play in the delivery of financial services in local communities across Ireland.

There are a number of commitments set out in Programme for Government, including a review of the policy framework in which credit unions operate. Department officials have already begun work on this review, which will be expanded upon in the coming weeks and months, taking into account work already completed such as a recent Credit Union Advisory Committee (CUAC) review of the sector and a separate CUAC report on directors, which was finalised in February 2020. I recently discussed the review with the credit union bodies on a conference call on 2nd September. The views of key stakeholders will be taken into consideration as part of the review.

Comments

No comments

Log in or join to post a public comment.