Surge in credit union mortgages during 2023

Irish League of Credit Unions chief executive David Malone with Central Bank governor Gabriel Makhlouf and Irish League of Credit Unions president Martin Busch. 

The number of mortgages issued by credit unions surged 80% during 2023 to around 1,800 as the total value of all mortgages held by these providers reached over €500m, new figures show.

The latest financial results from the Irish League of Credit Unions (ILCU), which represents 92% of credit unions operating in the country, show that 570 mortgages were issued between October and December last year, an increase of 15% compared to the end of 2022.