Total assets for the Irish League of Credit Unions has topped €20 billion
Credit union lending reaches new high as assets hit €20bn
TOTAL assets of the Irish League of Credit Unions “topped €20 billion for the first time” as the representative body of more than 90 per cent of credit unions in the country published their latest quarterly figures.
The ILCU represents credit unions across the nation, including in the local area in places likes Tallaght.
The ILCU published its Q3 June 2026 results (April to June 2026) that showed that total assests rose above the €20bn mark while other strong figures underline continued growth.
Credit unions involved with the body issued 104,812 loans in Q3 June 2026, up 14 per cent on the previous quarter, and the total credit union loan book grew to a record €6.84bn thanks to an injection of €793m in new lending.
ILCU CEO David Malone stated that the latest results “highlight the ongoing trust in credit unions” from the general public.
“These latest quarterly results highlight the ongoing trust in credit unions and important role that they play in supporting the ambitions and needs of individuals and communities.
“This is underlined by the sustained growth in demand across our lending portfolio, recognition that credit unions are progressive financial services providers that are there for people at every stage in life.”
There are now 3.37m credit union members in ILCU affiliated credit unions which represents a growth of 79k across the past 12 months, including 13k in Q3 of their financial year.
Mortages rose by six per cent in the quarter to €827m total and the average new mortgage issued increased by 11.1 per cent to €155,7k, while community lending suffered a small decrease but held strong at an average of €54,170 per loan.
The average new loan balance increased to a record €7,150, up 4.7 per cent on the same period last year, and the average new personal loan issued was €6,430, up 3.1 per cent.
Loan arrears hit a record low average at 2.14 per cent, down .07 from the last quarter and .06 from the record recorded in September 2025.
