30 Jan 2019, 11.18

On Thursday, Jan. 31, at 10 a.m., the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach will meet members of the Credit Union Advisory Committee (CUAC) Report Implementation Group to consider their final report on reforming the credit union sector.

The Implementation Group, chaired by the Department of Finance, focused on implementing the CUAC recommendations for developing credit unions in Ireland. The Final Report outlines the progress made and includes a 2019 “roadmap” for the sector. It also addresses many issues raised in the Joint Committee’s Report on the Review of the Credit Union Sector.

“Regulatory changes on lending due to take effect mean that 2019 should be an important year for credit unions in Ireland,” said Committee Chairman John McGuinness TD.

“Many larger credit unions potentially could expand their mortgage offerings as well as other services more traditionally associated with banks, including current accounts, debit cards and overdrafts. Such developments would create more financial options for small businesses and households alike,” Deputy McGuinness said.

The meeting in Committee Room 2 can be viewed live here.

Read the CUAC Implementation Group Final Report here.

Read the Committee’s Report on the Review of the Credit Union Sector here.

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