Credit union mortgage loan book in Ireland hits €1bn

Tánaiste met credit union representatives in Cork on Friday

 Tánaiste and finance minister Simon Harris  visited First South Credit Union on South Mall, Cork on Friday as First South marks Mortgage Month for its 40,000 members. At the event were Ciara Heffernan (Branch Manager), Tánaiste and Minister for Finance, Simon Harris, Marc Power (CEO First South Credit Union), and credit union member Mary Keating from Waterfall. Picture: Colm Lougheed

The value of the credit union mortgage loan book is now hitting €1bn, as new lending rules come into full effect. 

The landmark figure comes as Tánaiste and finance minister Simon Harris paid his first official visit to a credit union as finance minister on Friday, visiting First South Credit Union on Cork's South Mall, which has 40,000 members across Cork in Ballyphehane, Ballinlough, Dillons Cross, Kinsale, and South Mall.