How successful it has been in assisting with the establishment of credit unions and what is being done to ensure that existing credit union…

Answered Asked by Des McNulty Lab Lodged 8 Feb 2002

The question

To ask the Scottish Executive how successful it has been in assisting with the establishment of credit unions and what is being done to ensure that existing credit unions, such as those in Dalmuir, Dunbartonshire and East Clydebank, continue to trade successfully.

The answer

Answered by Iain Gray on 22 Feb 2002 · 14 days after it was lodged, on time

The Executive will assist the development of the credit union movement in Scotland through the implementation of the action plan "Unlocking the Potential". £1.5 million of new resources are available over this and the next two years to help implement the plan. To help credit unions meet the Financial Services Authority's new regulatory changes (coming into effect on 1 July), every credit union in Scotland has been offered free compliance training.

In the Official Report

No contribution in the Official Report cites S1W-22898 by reference.