Credit unions want Government to remove lending 'handcuffs'

Minister of State Sean Fleming said credit unions are 'not doing enough of lending'. Picture: Daragh Mc Sweeney/Provision

Credit unions have urged the Government to release them from the “handcuffs” of lending limits so they can increase their participation in the mortgage market.

The Irish League of Credit Unions (ILCU) has said that credit unions are prevented from expanding into the mortgage market, in line with the programme for government, because of restrictive lending limits.