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Credit Union Restructuring

Dáil Éireann Debate, Wednesday - 17 September 2014

Wednesday, 17 September 2014

Questions (238)

Pearse Doherty

Question:

238. Deputy Pearse Doherty asked the Minister for Finance the persons that own the old Newbridge Credit Union building now occupied by PTSB; and if PTSB is not the owner, if it is paying rent to any State body and the amount of that rent. [33631/14]

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Written answers

I have been informed that the legal entity Newbridge Credit Union Limited was placed in liquidation following an order of the High Court granted on 16 December 2013. The Newbridge Credit Union building remains in the ownership of the legal entity Newbridge Credit Union Limited.  The liquidation process is ongoing. 

permanent tsb has made arrangements with the Liquidator to continue to have access to the building for a period of time on a commercial basis and these arrangements are still in place.

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