Dáil Éireann Debate, Wednesday - 10 March 2021
282. Deputy Thomas Gould asked the Minister for Finance the process by which credit union members can call an annual general meeting; and if the process was affected by the Finance (Miscellaneous Provisions) Act 2020. [12787/21]
View answerThe Credit Union Act 1997 does not include any provision for credit union members to call an annual general meeting.
Section 78(2) of the Credit Union Act 1997 provides that the annual general meeting of a credit union in respect of any financial year to 30 September shall be held in the October, November, December or January following the end of that financial year. Section 78(3) provides that the Central Bank can convene an annual general meeting if the credit union itself has failed to do so.
The Finance (Miscellaneous Provisions) Act 2020 provides that the annual general meeting of a credit union for the financial year ended September 2020 may be held at any time during the interim period, which is set to expire on 30 April 2021. The interim period is extendable on the basis set out in the 2020 Act.
