Irish credit unions seek bigger slice of mortgage market despite entry of new competitors 

Touching on its competitors, ILCU chief executive David Malone said credit unions 'will not make decisions on loans based on algorithms'

David Malone, CEO, Irish League of Credit Unions (left) with Gabriel Makhlouf, Governor, Central Bank of Ireland. Pic. Robbie Reynolds

The mortgage market will be a key growth opportunity for Irish credit unions in the next five years, despite the influx of new competitors into a market that has become highly concentrated over the past several years. 

David Malone, chief executive of the Irish League of Credit Unions (ILCU) has welcomed double-digit growth in the total value of mortgages held by the group in 2025, which rose by 26% to over €750m.