Seán Ó Fearghaíl
Ceist:79. Deputy Seán Ó Fearghaíl asked the Minister for Finance his views on correspondence (details supplied) regarding credit unions; and if he will make a statement on the matter. [54671/13]
Amharc ar fhreagraWednesday, 18 December 2013
Ceisteanna (79)
Freagraí scríofa
The registration and regulation of credit unions is the responsibility of the Registrar of Credit Unions within the Central Bank, who is the independent regulator for credit unions. I have been informed by the Central Bank that engagements between it and individual credit unions are confidential. The Central Bank has previously confirmed that it is open to proposals to re-establish credit union services in the Newbridge area. Any proposal to establish a new credit union or to extend the common bond of an existing credit union is subject to regulatory approval by the Central Bank.