Under the Exemptions from Additional Services Requirements Regulations (SI 223 of 2004, SI 107 of 2007 and SI 838 of 2007), credit unions can provide ATM and third party payment services to members. This enables credit unions to provide card services to their members. The Central Bank has advised me that 46 credit unions reported on the 2011 Credit Union Annual Return that they provide such services. These services do not require approval from the Central Bank. However, when providing these services to members, credit unions must ensure that they comply with all relevant legal and regulatory requirements, including the requirements of the Credit Union Act, 1997. It is also incumbent on credit unions to ensure that they are operationally capable of providing such services without placing undue risk on members’ savings. The Central Bank has stated that it cannot comment on matters in relation to individual credit unions. Any regulatory action by the Central Bank is taken with the specific purpose of protecting members’ savings.