Banking
Credit Union loan books rise to €500m amid mortgage lending surge
New Irish League of Credit Union results revealed a 2.2 per cent increase in lending overall
Irish credit unions have been making solid inroads into the mortgage market, with a 15 per cent increase in mortgage lending in the final quarter of last year, new Irish League of Credit Unions (ILCU) results showed.
That brings the total mortgage loan-book of ICLU-affiliated credit unions to more than €500 million, as they look to compete with pillar banks in the mortgage market, triggered by major reforms in the credit union sector.
The figures, ...
