28 Nov 2021

'No more delay tactics.': Kildare Councillor backs call to support Credit Unions

'No more delay tactics.': Kildare Councillor backs call to support Credit Unions

File photo

A councillor from Kildare has backed proposed legislation that would expand the financial services remit of Credit Unions.

Labour Cllr for Maynooth Angela Feeney has welcomed the call made by her colleague, Seán Sherlock TD, to enact this legislation.

"The suggestion from the Government is that it has no intention whatsoever of promulgating this Bill," said Deputy Sherlock in a  Dáil debate this week. 

"The volunteers in credit unions know exactly what their ethos, mandate and mission are; they are doing this day in and day out."

"They are seeking to lend," he added.

Cllr Feeney shared his sentiments, saying in a recent statement that areas like Maynooth had seen banks "whittle down services", especially in light of Ulster Bank and AIB leaving Kildare recently, but added that "the Credit Union remains constant."

She said: "Government needs to support the Credit Union movement and allow lending to take place in the community."

"It is a simple request: no more delay tactics."

Previously, Mr Sherlock also claimed that there is no other country in western Europe where there has been transformational changes in governance in credit unions other than Ireland: "Those involved are volunteers who have gone through a process and have done everything that has been asked of them in terms of governance and meeting requirements."

"It is time to give them a fair chance, take the foot off their necks and let them thrive," he said.

In related news, Cllr Feeney recently asked Kildare County Council at the most recent Clane-Maynooth Municipal District meeting if it could provide an update regarding the re-opening and future management of the Community Space in Maynooth.

To continue reading this article for FREE,
please kindly register and/or log in.

Registration is absolutely 100% FREE and will help us personalise your experience on our sites. You can also sign up to our carefully curated newsletter(s) to keep up to date with your latest local news!

Register / Login

Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.

Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.