Minister for Finance Michael Noonan T.D. has published the Credit Union Advisory Committee (CUAC) Review of Implementation of the Recommendations in the Commission on Credit Unions Report. The report confirms that the vast majority of recommendations made by the Commission have been implemented. In addition, the report acknowledges that considerable work has been undertaken by stakeholders in establishing more effective governance and regulatory requirements. Minister Noonan now intends to establish an Implementation Group to oversee and monitor implementation of the Commission recommendations, which he intends will provide support to Credit Unions in developing their business model.