News

Local TD says Credit Unions must be given room to replace banks

Jul 22, 2022 17:07 By Shannonside News
Local TD says Credit Unions must be given room to replace banks Local TD says Credit Unions must be given room to replace banks
Share this article

The decision by AIB not to go-ahead with cashless banks move is seen by many as merely a temporary reprieve

Roscommon Galway Deputy Michael Fitzmaurice says the Central Bank must relax restrictions on Credit Unions to allow them be a viable alternative for banking services.

The Independent TD says it's inevitable that the larger banks will withdraw more services from rural Ireland as time goes on.

He says we need to allow our Credit Unions and Post Offices the room to develop their offerings to the public.

Advertisement

'We need to make sure that we have proper banking services in the rural areas.

The Central Bank needs to give the Credit Unions and the Post Offices the utilities and the opportunities, because there's a lot of restrictions on the likes of the Credit Unions at the moment.

They need to make sure that we have the opportunity to build our business , and to be able to work in our business , by having a financial facility that is workable for us.'

Advertisement

 

 

 

Advertisement

 

Share this article
Advertisement
Advertisement

Shannonside Newsletter

Sign up now to keep up to date with the latest news.

Processing your request...

You are subscribed now! please check your email to confirm your subscription.

Copyright © 2022 Shannonside FM. Developed by Square1 and Powered by PublisherPlus