Dáil Éireann Debate, Thursday - 11 July 2024
168. Deputy Fergus O'Dowd asked the Minister for Finance if he will urgently intervene and seek consultation on the impending closure of both the Kilsaran and Clogherhead credit unions in County Louth, which will impact greatly upon the relevant communities; and if he will make a statement on the matter. [30774/24]
View answerI thank the Deputy for raising this issue with me.
I am disappointed with the news that these branches are closing, and the impact this could have on the local communities of Kilsaran and Clogherhead in County Louth.
However, as the Deputy is aware, as Minister for Finance, I have no legislative basis to intervene in any commercial decisions made by any credit union in the State.
Such decisions including the management of branch networks, are the sole responsibility of the board of the respective credit union, which must be run on an independent and commercial basis.
I trust this clarifies matters for the Deputy.
