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ILCU CEO David Malone said its members mortgage lending is expected to reach €1bn in the near future

ILCU loan book passes €6bn for first time since 2008

The combined loan book of Irish League of Credit Unions members surpassed €6 billion by the end of March.

Business • 17 Jun

David Malone, CEO, the Irish League of Credit Unions, Niamh Boyle, CEO, The Reputations Agency, Garrett Bridgeman, Managing Director and COO, An Post; Stephen Watkins, Managing Director, Boots Ireland

Credit Unions, An Post and Boots top reputation rankings

Credit Unions have topped the annual ranking of the Ireland Reputation Index for the third year in a row.

Business • 29 Apr

While the ceremonies may be spiritually priceless, the overall cost has a very real bottom line.

Praying the price: The cost of Communions & Confirmations

Communions and Confirmations often come with a less heavenly side - the price tag.

Business • 30 Mar

Credit Union savings climbed €305m, up 2%, its annual results show

Value of mortgages lent by ILCU credit unions up 51%

The total value of mortgages lent by credit unions affiliated to the Irish League of Credit Unions has risen 51% in the past year.

Business • 25 Nov 24

Mortgages now make up nearly 10% of the total credit union loan book.

Mortgages make up 10% of credit union loan book - ILCU

Mortgage lending at credit unions increased by 10% to €518 million in the three months to the end of June.

Business • 20 Aug 24

The latest Credit Union Consumer Sentiment Survey shows an index reading of 70.5 for June, up materially from the May figure of 65.7

Strong increase in June consumer sentiment survey

The consumer mood improved this month, according to the latest Credit Union Consumer Sentiment Survey, on the back of lower fuel costs and an ECB rate cut.

Business • 28 Jun 24

Its latest results show a 70% jump in the value of mortgages issued in the 12 months to the end of March

Credit union lending up almost 14%, driven by mortgages

Lending at credit unions increased by almost 14% in the past year, driven by a significant rise in mortgage lending.

Business • 28 May 24

The ILCU mortgage book is now over €500m

Credit Unions report mortgage lending up 15%

Mortgage lending at credit unions was up 15% in the last three months of the year, with the mortgage book now over €500m for the first time.

Business • 20 Feb 24

Consumers were feeling slightly better about their own finances, but were less confident about the outlook for the general economy, today's latest consumer sentiment survey shows

Consumer sentiment improves but anxiety remains

Consumer sentiment improved slightly in December and was significantly higher year-on-year, according to the latest report by the Irish League of Credit Unions.

Business • 21 Dec 23

More than 420,000 loans were issued in the year to September by ILCU-affilliated lenders

Highest level of new credit union lending in 14 years

Credit unions affiliated with the Irish League of Credit Unions (ILCU) reported the highest level of new lending since 2009 in the last year, the latest results for the group show.

Business • 06 Dec 23

David Malone, CEO, Irish League of Credit Unions, Governor Gabriel Makhlouf, Jennifer Carroll MacNeill, Minister of State and Martin Busch, President, Irish League of Credit Unions

Makhlouf urges credit unions to embrace change

The Governor of the Central Bank has told credit unions that they must be prepared to embrace change.

Business • 11 Nov 23

Total assets held by the more than 270 credit unions that make up membership of the League stood at €17.9 billion at the end of June

ILCU reports highest level of annual lending in decade

A total of 400,000 loans to the value €2.5 billion were issued by ILCU-affiliated credit unions in the last year, the Irish League of Credit Union's latest Financial Highlights show.

Business • 12 Sep 23

Credit Union members have been warned of a new phishing scam

Credit union members warned of phishing scam

The Irish League of Credit Unions has today warned its members of a phishing scam.

Business • 10 Feb 23

According to a survey carried out by the Irish League of Credit Unions, many parents are cutting back on spending on extracurricular activities, due to the cost-of-living crisis

Parents cut back after-school activities as costs soar

While the initial back-to-school expenses of uniforms and new shoes may be out of the way for another year, the cost of after-school activities is building for many households.

Business • 09 Oct 22

Back-to-school expenses are leaving more parents with debt, including credit card debt, the Credit Union survey shows

Rising costs of living hitting back-to-school expenses

Cost of living increases are impacting parents budgeting for back-to-school expenses, according to a new survey for the Irish League of Credit Unions.

Business • 06 Jul 22

Joe Healy, Chairman of Cultivate and Helene McManus, President, of Irish League of Credit Unions (ILCU)

ILCU supports Cultivate as national farm finance brand

The Irish League of Credit Unions (ILCU) has offered its support to Cultivate in becoming the national farm finance brand for Ireland`s credit union sector.

Business • 21 Apr 22

The League of Credit Unions wants its members to be able to play a greater role in the mortgage market

Credit unions call for greater engagement on mortgages

The Irish League of Credit Unions has called on the Minister of State for Finance and the Central Bank to engage with the sector 'constructively and substantively' if it is to become a serious player in the mortgage market.

Business • 22 Feb 22

Mortgage and SME lending is limited to a combined maximum of 7.5% of total assets for most credit unions

Credit unions want bigger chunk of mortgage market

The Irish League of Credit Unions has called on the Minister with Responsibility for Credit Unions, Sean Fleming, to make the necessary regulatory changes to enable credit unions to significantly increase their footprint in the mortgage market.

Business • 22 Feb 22

The ILCU said interest rates on credit cards typically range from 13% to 26%.

Consumers lack awareness of credit card interest rates

New research suggests that 65% of consumers don't know how their credit card interest is calculated.

Business • 26 Jan 22

Extracurricular activities are the top cost for primary school parents at €178, up from €167 last year

Two thirds struggle with back to school costs

Almost two thirds of parents surveyed by the Irish League of Credit Unions for its annual back to school survey say that covering the cost of sending a child to school amounts to a financial burden.

Business • 15 Jul 21

Credit unions collectively paid €12m under the Credit Institution Resolution Levy last year

Donohoe announces adjusted credit union levies

The Government has reduced the amount that credit unions will have to pay next year into funds for resolving financial difficulties in individual institutions.

Business • 09 Oct 20

The Covid-19 lockdown required credit unions to adapt quickly to changing member demands

62% of credit unions offer payment holidays amid crisis

62% of credit unions have introduced payment holidays as a result of the Covid-19 crisis, a new survey of credit union CEOs and managers across the country shows.

Business • 06 Jul 20

Credit card rates typically vary from 13-23%

Survey finds credit card cost awareness is low

A new survey has laid bare a lack of awareness among credit card users about the cost of using their cards.

Business • 31 Jan 20

Three-quarters of parents would like schools to do more to cut costs

Majority find back-to-school costs a financial burden

Parents are spending almost €1,400 getting their child ready for secondary school and almost €950 to send them to primary school, according to a survey from the Irish League of Credit Unions.

Education • 16 Jul 19

Some credit unions put a cap on members' savings

Some credit unions have placed restrictions on the levels of savings their members can have in an effort to manage their balance sheets.

Business • 13 Jun 19