Snippet data - viewing only, no editing possible


Label

Field name

Field value


Sitting_Date

03/13/2019 12:00:00 AM


Sitting_Forum


Snippet Ref No

SnippetRefNo

PPP00100

Selected Quill

SnippetType

14

Saved Quill

SnippetType_C4D


Selected Quill

SnippetType_1

14

Speaker Name

IndxSpeakerName


Business Category

IndxMainHeadCat

Bills

Sub Category

IndxSubTopic

Credit Union Restructuring Board (Dissolution) Bill 2019

Topic

IndxQHeadTopic

Second Stage

See Also

SeeAlso


Part1

TitlePart1


Part2

TitlePart2


Part3

TitlePart3


Volume

VolumeNo

980

Book No

BookNo

8

Pdf Ref

PdfPageRef


Default Business Index

IndexViewCategoryDefault


3 Part Title Business Index

IndexViewCategoryTitle


Default Topic Index

IndexViewCategoryDefaultSpeaker

Credit Union Restructuring Board (Dissolution) Bill 2019\Second Stage
Bills\Credit Union Restructuring Board (Dissolution) Bill 2019\Second Stage

3 Part Topic Index

IndexViewCategoryTitleSpeaker


Motion Code

MotionCode


Motion Title

MotionTitle


Stage

MotionStage


Amendment No

MotionAmendmentNo


Bill Code

BillCode

B2r

Bill Title

BillTitle

Credit Union Restructuring Board (Dissolution) Bill 2019

Stage

BillStage

Second Stage (Resumed)

Section

BillSection


Statement Code

StatementCode


Statement Title

StatementTitle


Stage

StatementStage


Hour Indicator

HourIndicator

Not applicable

Procedural Instruction

Procedural_Instruction

No

Debate Adjourned

DebateAdjourned

No

Question Askee

QAskee


Question Asker

QAsker


Question Department

QDept


Question ID

QID


Question Reference

QRef


Question Speaker PID

QSpeakerPID


Question Speaker PID To

QSpeakerPIDTo


Questions Asked

QUESTIONSASKED


Speaker Type

SpeakerType


Speaker Name

Senator


Deputy


Minister


Witness


Chairman


ViceChairman


ActingChairmanD


ActingChairmanS


Speaker4Display

Speaker4Display


Speaker

Speaker


SpeakerPID

SpeakerPID


SpeakerText

SpeakerText


OriginalUnidSnippet

OriginalUnidSnippet

892B2F9264979ADE802583BC0077A0EF

LastModifiedSnippet

LastModifiedSnippet

02/24/2020 02:34:02 PM

TopicIndex1stCategoryValues

TopicIndex1stCategoryValues

Snippet Contents:

It is my understanding they have never been taken up on it. We must keep money circulating. Credit union money is local people's money. Credit unions could also provide long-term schemes which would allow scope, for example, for a State body that wanted to build a lot of houses. It would be a way forward for them to flourish, but it would also be good in addressing the housing problem. We should incorporate credit unions more in such endeavours because they are willing to co-operate in these areas.
We must also remember that credit unions got themselves out of difficulty on their own. There was a lot of fear when the figure came out, but whoever gave it to the Minister was reckless because it had come from the unknown.
I will finish on this point as I do not intend to detain the Minister of State all evening. We need to make sure credit unions can lend more widely, either under legislation or in working with the Central Bank. Farmers are now getting loans from them. Some time ago the amounts they were given in loans were not big enough. Facilities are being made available bit by bit, but they are slow in coming. If the Government could do one thing for rural Ireland, it would be to give credit unions the facility to give more loans. I am not saying they would have to loan every penny, but we must ensure they can compete with the banks because we need them, as bank branches have been closed in so many places. Credit unions operate in small towns and could also do other things as they have sub-offices in small villages that open on a Saturday or a Sundays, which is helpful to people living in rural areas. They might be able to incorporate other services with the financial services they offer in rural areas. I support the Bill and will vote for it.