Seanad
‹ Order of Business Credit union reform
Summary
Senator Coghlan questions criticism of the State’s handling of Newbridge Credit Union, saying support has preserved services but further institutional reform is needed.
Of course, I have questions for him. Mention was made on the benches opposite of certain other matters. I am confused by Senator Rónán Mullen's remarks on Newbridge Credit Union. There is a State bailout amounting to €54 million. We want credit union services to be provided in every town in the country within the norms for credit unions but not for €500,000 in loans. Perhaps the Senator might clarify his remarks because the State has done everything and acted properly to ensure credit union services will continue to be provided. They also have to reform themselves.