Credit Unions
Dail Éireann — 2024-05-21
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Aindrias Moynihan (FF), Cork North-West

The issue has been raised with me by a number of different sources, including older people intending to do works on their own home who would be accessing a county council grant, or sports clubs advancing works on their own grounds. Instead of a bank, they are dealing with a credit union but when they go to draw down the grant there is a cap in force on their credit union account. They cannot receive or have anything more than that cap in their accounts. Many will not be familiar with the issue until it comes up. The grant body is telling them it has released funding but at the same time there is no money hitting the account. There are bills to pay. Very often, these funds are coming from State bodies anyway. I am trying to establish whether there would be flexibility on such caps.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2024-05-21/debate/main
Retrieved: 2026-08-14T04:52:59+00:00
Sitting date: 2024-05-21