An article from August 2008 headed, “OVER HALF OF ALL IRISH CREDIT UNIONS UNABLE TO PAY INTEREST ON SAVERS FUNDS” there is a letter from Millstreet Credit Union on the voluntary Consumer Protection Code for Credit Unions defending themselves from over regulation:
As regards the above proposed code, we think it is unnecessary
and unwarranted. There are, already, more than enough rules and regulations
governing credit unions. We are aware that this new code is being pushed by the
EU thinking is driven by the Liberal-Left, who want to control everything. These people are the heirs to the so-called “Enlightenment” of the 18th Century.