Value of credit union mortgage book grew by 26% in 2025

During the course of 2025, ILCU member unions issued 412,623 new loans

David Malone, chief executive of the Irish League of Credit Unions, also revealed that credit unions are in discussion regarding participation in the recently announced Zippay initiative. 

The total value of mortgages held by Irish credit unions increased by 26% during the course of 2025 with mortgages now representing 11.5% of their total loan book, new data shows.

According to the Irish League of Credit Unions (ILCU), which represents 90% of the credit unions active in Ireland, there were 109,000 new loans issued during the first three months of this year bringing the value of their overall loan book to €6.54bn — which is a record high for the sector.