Tuesday, 29 September 2020

Ceisteanna (74)

John Lahart

Ceist:

74. Deputy John Lahart asked the Minister for Finance if he will report on the review of the policy framework within which credit unions operate. [26718/20]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

The Government welcomes the important work credit unions are doing to support communities throughout Ireland at this difficult time and recognises the key role that credit unions play in the delivery of financial services in local communities across Ireland.

There are a number of commitments set out in Programme for Government, including a review of the policy framework in which credit unions operate. Department officials have already begun work on this review, which will be expanded upon in the coming weeks and months, taking into account work already completed such as a recent Credit Union Advisory Committee (CUAC) review of the sector and a separate CUAC report on directors, which was finalised in February 2020. I recently discussed the review with the credit union bodies on a conference call on 2nd September. The views of key stakeholders will be taken into consideration as part of the review.