Credit unions hope to boost new mortgage lending

A group representing some of the biggest credit unions in the country said they plan to make a splash into the mortgage market, with €400m in new lending.

The Solution Centre, based at City West in Dublin, and which is run by industry body the Credit Union Development Association, said it will provide help for the biggest credit unions in the country, representing one million customers.

Credit unions taking part include Tullamore in Offaly, St Anthony’s and Claddagh in Galway, Dundrum in Dublin, as well as St Canice’s in Kilkenny, which is the biggest community credit union in the country.