Credit union mortgages jump to €700m

The Irish League of Credit Unions (ILCU) figures show a significant expansion across its entire lending portfolio.

Credit unions have continued to make inroads in Ireland’s mortgage market increasing their loan books by 51% in the past year.

The total value of the credit union sector mortgage loan book has increased to more than €700m and mortgages now make up more than 10% of the total credit union loan book.