Summary
This public consultation aims to gather views on proposed reforms to modernise and strengthen the credit union sector here, ensuring it remains sustainable, inclusive, and better able to meet the financial needs of its members and communities for the future.
Documents
- The Credit Union (Modernisation and Reform) Public Consultation - Regulatory Impact Assessment
- The Credit Union (Modernisation and Reform) Public Consultation
- The Credit Union (Modernisation and Reform) Public Consultation - Equality Screening
Consultation description
Credit unions have played a critical role in local communities for decades, providing safe and affordable financial services.
The Department for the Economy has committed to undertaking a comprehensive review of existing credit union policy and legislation. Legislative reform is crucial for the credit union sector to remain relevant, sustainable and competitive. Legislative change may be necessary for modernisation and keeping pace with what is happening in other jurisdictions.
This consultation and the policies and reforms under consideration have been co-designed with the Irish League of Credit Unions and the Ulster Federation of Credit Unions. We are now launching this public consultation to gather your views and would welcome responses from credit union members and non-members, the business community, local community groups, and other stakeholders.
Your input is crucial in shaping a new legislative and policy framework that can meet current and future credit union needs.
Ways to respond
Better Business Branch, BERD
Adelaide House,
Adelaide Street,
Belfast
BT2 8FD