Major jump in mortgage lending helps credit union sector boost loan book to new record 

The average loan outstanding also rose to a new high of €11,044, up from €10,833

Publishing its year-end results, the Irish League of Credit Unions (ILCU), which represents 90% of active credit unions in Ireland, said the figures reflect continuing growth in the sector. File photo

Ireland's credit union sector has seen its loan book grow 10% to a record €6.5bn, with a sharp increase in mortgage lending.

Publishing its year-end results, the Irish League of Credit Unions (ILCU), which represents 90% of active credit unions in Ireland, said the figures reflect continuing growth in the sector. Mortgage lending continues to be a key driver of growth.