Credit Unions | Business Post

Credit unions retain top spot in list of firms with ‘best reputation’ in Ireland

Credit unions hold onto top spot for second successive year as An Post moves up to second

Credit Unions could triple their current mortgage loan books to over €2 billion

The bank published its Public Consultation on Proposed Lending Limit Changes which reveals the uptake of housing and business loans from credit unions since September 2019

Former AIB executive Helen Carbery appointed as CEO of Credit Union Development Association

Carbery will succeed Kevin Johnson, who is retiring following 16 years as chief executive

Central Bank will ease rules on credit union mortgage lending

Deputy central bank governor Sharon Donnery says the regulator is planning ‘targeted but significant’ changes to regime after pressure from industry and government ministers

Top Jobs: UBS, Clúid Housing, and First South Credit Union among recruiting firms

In a weekly update for Business Post subscribers, Ellie Donnelly presents the best jobs on offer in Irish industry

Aer Lingus nosedives in customer experience ranking as credit unions top the list

RTÉ has also performed poorly on the list, while growing controversy around the passenger cap at Dublin Airport saw the airport pushed well beyond the top 100

Credit union body claims members’ mortgage lending hindered by crisis-era Central Bank regulations

Changes to the ‘draconian’ lending limits would facilitate competition in a ‘hyper-concentrated’ market, said David Malone, chief executive of the Irish League of Credit Unions

Surge in new mortgage lending fuels growth in credit unions loan book to €5.6bn

The latest data shows that there the volume of new mortgages issued by credit unions surged more than 70 per cent over the last year

Credit union home lending rose 53% to €484m in 2023

Business loans rose by 11 per cent to €162 million last year, with the average loan size increasing to €22,000

Credit unions can invest €1bn in social housing through pioneering fund

Twenty-three credit unions with €35 million to invest have joined the first credit union-backed housing fund, which will target social housing developments

Commercial Property

Ireland's first credit union fund invests in social housing, paving the way for €1bn investment

The landmark move in Adamstown will kickstart the process for the 23 credit unions who are invested in the CU AHB Fund, with a combined investment of €35 million

Credit union mortgage lending set to surpass €150m this year

Approvals are on course to exceed €150 million for the full year, up from €8.1 million in 2018

Personal Finance

Irish consumer sentiment falters in March with consumers still feeling the pinch

Irish League of Credit Unions said that the mood among Irish consumers was ‘less gloomy but not feeling great’ this month

Analysis: Credit unions have a long way to go to rival main banks in €14bn mortgage market

Irish credit unions are sitting on billions in cash deposits but lack the market reach and expertise to meaningfully compete with the banks on new home loans

Capital Credit Union rocked by service outages after switch to new banking system

Capital Credit Union, which has more 50,000 members and several branches across south Dublin, has contacted its members to apologise for ‘issues that have impacted’ its services

Ian Guider: Looking ahead, we are in for a shock at how profitable the banks will become

Last year was a stellar one for Irish banks and credit unions, and 2024 is only going to get better

Credit union levy to remain unchanged in 2024, finance minister says

The stabilisation levy will result in a charge of about €300,000 to the credit union industry as a whole in 2024

Credit Union lending surges in 2023 as mortgage growth sees loan book increase to €5.3bn

The Irish League of Credit Unions has said the mortgage book of its member credit unions grew by more than 50 per cent last year to over €500m

Credit Union lending soars to €2.5bn in the past 12 months, says report

Ahead of pending legislation, some credit unions are already offering “very competitive” mortgages

Ian Guider: Credit union movement is littered with scandal and disaster – just like the banks

A new era of competition is about to be ushered in. Have the local lenders learned from their mistakes?