Written answers

Tuesday, 7 March 2023

Photo of Holly CairnsHolly Cairns (Cork South West, Social Democrats)
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134. To ask the Minister for Finance if he will provide an update on his engagement with the credit union movement concerning the Credit Union (Amendment) Bill 2022. [11392/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Minister Carroll MacNeill will lead the Government's engagement with the credit union sector in relation to the Credit Union (Amendment) Bill 2022 and other credit union matters.

Since Minister Carroll MacNeill was appointed to her position, she has met with the Irish League of Credit Union (ILCU), the Credit Union Manager's Association (CUMA) and the National Supervisors Forum (NSF). She has also attended the Credit Union Development Association (CUDA) annual conference, a roundtable with credit unions in Tipperary, the quarterly sector Stakeholder Roundtable and met with the Registrar of Credit Unions. A significant number of stakeholder engagements are planned for the coming months.

Last week, Minister Carroll MacNeill, brought the Credit Union (Amendment) Bill 2022 to the Dáil Chamber for debate. The topics raised by many deputies in that debate will be considered in finalising the Bill.

Separately, officials from the credit union policy team have very regular engagement with sector stakeholders and are currently considering submissions from both the sector and the Central Bank on the Bill.

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