Credit Unions (Amendment) Bill - Clause 3 - Admission of family members - Northern Ireland Assembly

Clause 3 - Admission of family members

Clause 3 allows for credit unions to treat family members of existing members as meeting the qualifications and requirements associated with membership admissions even if they don’t live in the same household.

Once this comes into operation the number of members admitted through this route must not exceed 5% of total members, unless

10. Is it reasonable for credit unions membership to be extended in this way?

Yes No

11. Is it reasonable to cap the number members entering via this route in this way?

Yes No

12. Do you agree that the Department should be able to increase or decrease the percentage of applicants via the family member route by bringing forward further regulations?

Yes No

13. Do you have any other comments on Clause 3 or suggested amendments for this clause?