Dáil Éireann Debate, Tuesday - 17 February 2026
458. Deputy Cian O'Callaghan asked the Tánaiste and Minister for Finance if he intends to amend Section 107 of the Credit Union Act 1997 as amended to change the financial year from 30 September; and if he will make a statement on the matter. [11727/26]
Amharc ar fhreagraSection 107(1) of the Credit Union Act, 1997 provides the financial year as “the financial year of a credit union shall be the period of 12 months ending on the 30th day of September or such other date as the Bank may determine.”
My officials, together with credit union stakeholders worked collaboratively to deliver the Credit Union (Amendment) Act 2023 (the 2023 Act). In addition to the many enabling provisions of the 2023 Act, there were a number of changes to improve the administrative efficiency of credit unions.
In the review of the policy framework for credit unions, completed as part of the 2023 Act, stakeholders did not raise the financial year end as a matter that needed to be amended. Furthermore, Minister of State Troy has visited many credit unions and met a large number of credit union representatives, none of whom have raised the financial year end date as a point of concern.
Consequently, there are currently no plans to amend legislation to change the credit union financial year from 30 September.
