'Significant and timely opportunity': New project plan welcomed in Kilkenny
Leas Ceann Comhairle John McGuinness TD welcomes major step forward in drafting a five-year strategy for Credit Union sector
The Leas Ceann Comhairle and Fianna Fáil TD for Carlow–Kilkenny John McGuinness has warmly welcomed the approval of a project plan to develop a five-year strategy for Ireland’s credit union sector, describing it as a “significant and timely opportunity” for communities across Kilkenny and Carlow.
Deputy McGuinness said the strategy will help shape the long-term future of credit unions, ensuring they remain at the heart of local communities while adapting to changing financial needs.
“This is an important and progressive move by Government. Credit unions are among the most trusted, professional and community-focused financial institutions in the country. They have consistently demonstrated strong governance, financial prudence, and a deep commitment to their members,” he said.
The strategy process will be led by two highly experienced figures, with Dr Orlaigh Quinn appointed Chair of the Project Governance Board and Tom Allen appointed Chair of the Strategy Committee. Their leadership will guide the development of a strategy that is expected to be ambitious and inclusive.
Deputy McGuinness emphasised the strength and importance of local credit unions across Carlow and Kilkenny, including St Canice’s Credit Union, Thomastown Credit Union, Goresbridge Credit Union, Carlow Credit Union and Tullow Credit Union.
“These credit unions are pillars of their communities. They provide not just financial services, but advice, support, and a sense of trust that is invaluable. Their professionalism and local knowledge mean they are uniquely positioned to help shape this strategy and ensure it delivers real benefits for members and communities,” he said.
The TD noted that the strategy will be developed in close consultation with credit unions themselves, reflecting the sector’s diversity and independence: “It is particularly welcome that this will be a strategy developed by the sector, for the sector. Credit unions understand their members better than anyone, and their input will be crucial in building a strong, sustainable future,” he said.
Deputy McGuinness concluded by encouraging strong engagement from local credit unions and stakeholders throughout the strategy process.