Dáil Éireann Debate, Thursday - 21 November 2013
38. Deputy Seán Ó Fearghaíl asked the Minister for Finance if his attention has been drawn to the total deposits held by a credit union (details supplied) in County Kildare at the time his special manager was appointed at the behest of the Central Bank; the level of deposits in the credit union immediately prior to its transfer to the Permanent TSB; and if he will make a statement on the matter. [49873/13]
View answerI have been informed by the Central Bank that Newbridge Credit Union Limited’s total members’ shares and deposits were €163.4 million as at 30 September 2010, as extracted from its audited financial statements for the financial year ended 30 September 2010. It is not currently possible to disclose Newbridge Credit Union Limited’s total members’ shares as at a date closer to the appointment of the Special Manager in January 2012 given the High Court’s existing confidentiality orders concerning such disclosures. The Central Bank have also informed me that based on unaudited management accounts as at 31 October 2013, Newbridge Credit Union Limited’s total members’ shares and deposits were €79.3 million.
