Cian O'Callaghan (Dublin Bay North, Social Democrats)
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482. To ask the Minister for Finance the number of credit unions who have changed the frequency and number of their board meetings as allowed for under Section 54(1) (a) and (b) of the Credit Union Act 1997 as amended by the Credit Union (Amendment) Act 2023; and if he will make a statement on the matter. [58873/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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As the deputy is aware, arising from changes made by Sections 28 (a) and (b) of the Credit Union (Amendment) Act 2023 to Sections 54(1) (a) and (b) of the Credit Union Act, 1997 (the 1997 Act), the minimum number of times the directors of a credit union must meet in a year has decreased from 10 to 6 and the maximum permitted interval between such board meetings has increased from 6 weeks to 10 weeks. These changes took effect on 8 April 2024.

Subject to the 1997 Act and the rules of the credit union, it is a matter for each individual credit union to decide the frequency of board meetings and the number of meetings to hold in a year.

I have been informed by the Central Bank of Ireland that they do not gather data on the number of credit unions that have changed the frequency and number of their board meetings further to the 2024 changes.