Credit Unions

Part of Question Time — Scottish Executive – in the Scottish Parliament at 2:30 pm on 13 March 2003.

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Photo of Des McNulty Des McNulty Labour 2:30, 13 March 2003

One of the reasons why we are providing funding under the "Unlocking the Potential" action plan is to support the health checks and business planning that is taking place within credit unions. Throughout Scotland, credit unions—in company with SCUP and, in some instances, local authorities—are considering how they can meet the FSA's requirements and how they can sustain themselves as effective businesses. The best method of doing research is to carry on with those financial health checks and to establish, in partnership with the credit unions, what support is needed and how best it might be provided.