Donegal Deputy says new rules introduced by Government will hinder Credit Unions

credit union

A Donegal Deputy is claiming that new rules set to come into effect from January show that Fine Gael favour banks over credit unions and will make sure that credit unions are hindered in every way.

Minister for Finance, Michael Noonan has signed regulations that it's believed, will restrict the size of deposits that can be held by credit unions in a blatant attempt to move savers to the commercial banks.

Donegal Deputy Thomas Pringle says the setting up of the Credit Union Advisory Committee to review the changes move is an Election stunt that will in effect, do nothing: