I’m curious. Which of the proposals do you have issue with? Do you think it is a good thing that someone in arrears with their credit union loan could become a director and then use their influence to write down that loan? Or do you think that one person should be a director in multiple credit unions? Would they really be able to do their job properly? And volunteers (and their family members) could well have conflicts of interest, especially if they are dealing with the public face to face.

Constructive criticism would be good rather than “Ah the government are coming after my poor credit union” style populism. Come on, give actual reasons for being against the bill.

I’m curious about all these general comments about hands off etc…he is putting regulations in place to stop corruption from happening in the future…personally I think its a great idea… I don’t want to be paying more tax for another mess in the future…..maybe people have something to hide????

Without

The Credit Unions have supported many people I know in the past with interference for Gov! I am against any regulation from our Government within the Credit Unions! And changes should be made by the Credit Union with approval of its share holders! Hands off!

Hi Ryan,
I don’t understand your opinion that directors who deal with the public face to face could have a conflict of interest. I would be of the opinion that a director in a customer facing role would bring something of value to the board.

I’m against this bill because everything the Government touches turns into a money robbing racket! I’ve been with the credit union since I was a young teenager, I’ve had some financially bad times in the past and without the help of my credit union I would never have gotten out of the mess I was in, and by the way, the person who I have to thank for that is and was then on the board of directors! One of the kindest and most loveliest people I have ever met! Her replacement is also a very nice and helpful person! Always available and willing to give advice or help out if needed! I have my personal reasons fort views on why the Government should stay away from the credit unions and I’m sure many many more feel the same way!

Credit Unions were established for the people, by the people when our filthy, pious, corrupt, crony so called banks would not lend to the average person in spite of taking all their saving.
Remember those bad old days when the local accountants, solicitors, doctors and priests etc… were ushered into the managers office, when you stood in the cue savings in hand????
Well guess what, with the help of our ”fine leaders and protectors” these diseased, criminal/corrupt, so called ”banks” have gambled, have gone bust and left us with the bill,
and now they are coming after our few quid in our credit unions because they squander that too.

sorry typo
”because they want to squander that too”

Here here.

The problem is once they start interfering where does it stop? 5 years time they’ll send in the administrators and we’ll have the Quinn saga all over again!

Anne
The taxpayers are having to sort out the problems of unqualified people having their hands on the tillers in this sector and we already have one Credit Union that voted an illegal loan of one and a quarter million Euro to themselves as Directors of a Development Company and you have a stupid problem with the Minister trying to stop this from happening again.
If he doesn’t succeed the Government need to close the Credit Unions down completely.

Well said paddy. Take the cronyism possibility out of our credit unions.

They don’t show much respect with the interest rates they charge you on loans.

Paddy, You are talking rubbish. Credit Unions were begun as community organisations and many are run by people who give generously of their spare time.

As for your example of an illegal loan, what do you say about AIB who handed £740 million to two fraudsters in London, more than they asked for?

Yet Noonan thinks people like Dermot Gleeson should run credit unions too!

Barry….errrm…the whole idea is to stop these things happening…what do people have to be scared of???

we already have one Credit Union that voted an illegal loan of one and a quarter million Euro to themselves

That’s bad.
We should have a law against it.
Um, hang on.
If it’s illegal already, doesn’t that mean there already is a law against it?
And doesn’t that mean you don’t need another law to make it illegal?

I owe the credit union a few grand and I’m hoping they definitely stay around cos they were the only institution I owed money too when I was made redundant that actually listened and helped me out with flexible terms, the banks weren’t interested. If the credit union offered full banking services I’d never darken the door of another bank again.

I’m with you 100%