St Dominic Credit Union Ltd

Total Lobbying Efforts: 5

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Lobbying Records (Page 1 of 1)

2025-01-16
Politician(s) lobbied: Neale Richmond (Minister of State), Department of Finance
Intent: We were working to:o Increase and amplify Credit Unions’ influence;o Raise awareness and understanding of key issues;o Remove regulatory barriers to loan growth;o Strategies to support credit unions namely in the following areas improve competition, increase loan to asset ratio while decreasing cost to income ratio; ando Look for regulatory certainty that takes proportionality into account.
Methods: Meeting
Details & Methods:
MethodDescription
Meeting with the Minister to deal with key issues facing Credit Unions over the coming months and years that are barriers to our attempts to achieve growth and to enhance the financial services our members can avail of from us thus giving them a better choice in the market place and creating a more competitive environment.
2020-01-15
Politician(s) lobbied: John Halligan (Minister of State), Department of Education and Skills; Anthony McFeely (Special Adviser), Department of Education and Skills
Intent: Our aim is to reverse the decision to increase the industry funding levy for credit unions and to have it kept at the current level which is manageable and should be maintained. Credit Unions are the only open, accessible financial service in the community. Raising the levy to cover the regulatory cost is counter-intuitive. It is a tax on social capital at a time when income and surplus is under severe pressure due to current market conditions.
Methods: Meeting
Details & Methods:
MethodDescription
Lobbying the Minister on a reversal of the proposed increase in the Industry Funding Levy for Credit Unions.
2018-05-01
Politician(s) lobbied: John McGuinness (TD), Dáil Éireann, the Oireachtas
Intent: Credit unions set out a plan in advance of the last general election with 6 Strategic Steps. These are the steps we want to take, to do more. Those are investing in social housing, delivering on micro-lending and developing our offering on SMEs. The other 3 are what we need done, to allow us deliver on our potential. Better regulation, investment in credit unions and the specific ask that the Oireachtas Finance Committee prioritise Credit Union issues in the Dail (to leverage other issues)
Methods: Meeting
Details & Methods:
MethodDescription
Prioritise credit union issues in the Dail. Regulation on levies. Regulation by government that allows delivery of suitable financial vehicle to allow for investment in social housing.
2016-05-18
Politician(s) lobbied: John Halligan (TD), Dáil Éireann, the Oireachtas
Intent: To further the stated policy aims of the Irish League of Credit Unions as set out in its Six Strategic Steps document
Methods: Letter
Details & Methods:
MethodDescription
Six Strategic Steps
the policy programme of Irish League of Credit Unions
2016-01-15
Politician(s) lobbied: Michael Noonan (Minister), Department of Finance; John Deasy (TD), Dáil Éireann, the Oireachtas; John Halligan (TD), Dáil Éireann, the Oireachtas; Ciara Conway (TD), Dáil Éireann, the Oireachtas; Maurice Cummins (Senator), Seanad; David Cullinane (Senator), Seanad; Paudie Coffey (TD), Dáil Éireann, the Oireachtas
Intent: For the Minister for Finance and Central Bank to reconsider the regulations contained within CP88 before the Order for commencement is signed.
Methods: Letter
Details & Methods:
MethodDescription
CP88 - consultation on regulations for credit unions on commencement of the remaining sections of the 2012 Act