Credit Unions Liabilities

Dáil Éireann Debate, Tuesday - 26 November 2013

Tuesday, 26 November 2013

Questions (183)

Terence Flanagan

Question:

183. Deputy Terence Flanagan asked the Minister for Finance if he is satisfied that the Garda credit union is fully capitalised. [50604/13]

Written answers

Minister for Finance

I have been informed by the Central Bank that under section 33AK of the Central Bank Act 1942, they cannot comment on matters in relation to an individual credit union. I note from the website of St. Raphael’s Garda Credit Union that its Annual General Meeting is scheduled for 17 December at which the financial position of the credit union would be expected to be presented to members.