HC Deb 06 February 1995 vol 254 c67W
Dr. Godman

To ask the Chancellor of the Exchequer what proposals he has to modify the legislation and regulations governing(a) the management of credit unions, (b) their accountability to members and (c) the amounts of money loaned to members; and if he will make a statement.

Mr. Nelson

The Government announced two proposals on credit unions in January 1994. One extends categories of membership; the other increases the limit on the size of individual shareholdings and loans. A consultation document will be issued on these and other related measures. Subject to the response, the intention is to implement them through an order under section 1 of the Deregulation and Contracting Out Act 1994.