Credit Unions (Trust Deeds)

Part of Enterprise, Lifelong Learning and Transport – in the Scottish Parliament at 2:17 pm on 9th March 2006.

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Photo of Jackie Baillie Jackie Baillie Labour 2:17 pm, 9th March 2006

The minister will be aware that as credit unions are community-based mutual organisations, they are disproportionately affected by losses through protected trust deeds, whose use has increased dramatically in recent years. I know that he is consulting on protected trust deeds; that is welcome. Will he agree to meet credit unions to discuss their concerns and to consider how protection can be afforded to those important community organisations, which are part of the solution to debt management, not the problem?