The Irish League of Credit Unions (ILCU) has been lobbying the government and the Central Bank to get permission to enter the mortgage market with a specially set up separate entity.
The body, which counts 500 credit unions as members, has ambitions to lend between €3 billion and €4 billion in home loans if it can get regulatory signoff. It wants to set up a dedicated separate entity to pursue home loan business.
The model it...
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