Credit Unions – Savings Limit Change
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We asked
We asked for your views on increasing the limit on holding ordinary shares (savings limit) in a credit union.
You said
20 responses were received, none of which opposed the idea and 18 were wholly supportive.
We did
The legislation was made as proposed and will come into effect in January 2021, subject to Tynwald approval.
Overview
A proposal to make an Order that will increase the limit for savings in a credit union.
Why we are consulting
Required by section 28 Credit Unions Act 1993
Areas
- All Areas
Audiences
- Elected members - MHKs
- Elected members - local government
- Tenants
- Landlords
- Employees
- Older people
- Homeowners
- Self-employed
- Retired
- Volunteers
- Unemployed
- Parents, carers and & guardians
- People with disabilities or long term illness
- Leaseholders/ landowners
- Lesbian, gay, transgender & bisexual
- Civil and public servants
- Black & minority ethnic
- Business owner
- Road users
- All residents
Interests
- Policies, strategies & plans
- Finance
- Business
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