Dáil Éireann Debate, Tuesday - 21 March 2017
234. Deputy Jack Chambers asked the Minister for Finance the number of new credit union branches that have been approved for opening in the past five years; and if he will make a statement on the matter. [14021/17]
View answerIn accordance with Section 6 of the Credit Union Act 1997 (1997 Act), the Central Bank of Ireland is the sole authority with the power and responsibility for registering credit unions in Ireland. The last registration of a credit union took place in 1999.
The Central Bank informs me that it has not received an application to register a credit union since the Central Bank assumed responsibility for registering, regulating and supervising credit unions in 2003.
Registered credit unions may operate sub-office(s) (i.e. branches) under their registration and so do not require a separate registration for these.
