Mr Charlie McCreevy TD, Minister for Finance, met with Mr Jim McMahon, President of the League of Credit Unions today on foot of a letter received from the Irish League of Credit Unions (ILCU) concerning the future regulatory regime for the financial sector.

The Minister and the President had an exchange of views on the proposed Single Regulatory Authority. They also discussed the general question of the taxation treatment of Credit Unions and their members.

The Minister and Mr McMahon agreed that discussions on these matters would take place in the first instance at official level to be followed by a further meeting with the Minister in due course.