Latest News

Rescheduling of loans, bespoke banking services for cocooners and express lodgements most in demand credit union services during Covid-19

New credit union survey finds 62% offering payment holidays, with significantly higher level in Connacht at 82%

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ILCU Statement on Drumcondra Credit Union Ltd.

The ILCU notes the appointment of provisional liquidators to Drumcondra Credit Union Limited by the Central Bank of Ireland today, Thursday 2nd July.

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ILCU welcomes appointment of Deputy Jack Chambers

The Irish League of Credit Unions (ILCU) welcomes the appointment of Deputy Jack Chambers as Minister of State for Financial Services, Credit Unions and Insurance.

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ILCU welcomes the inclusion of commitments to credit unions in Programme for Government

ILCU welcomes inclusion of specific commitments to credit unions for the agreed Programme for Government. 

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ILCU welcomes publication of new Central Bank moneylender regulations

The Irish League of Credit Unions (ILCU) has welcomed today’s publication by the Central Bank of new regulations aimed at strengthening protections for consumers of licensed moneylending services.

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Lobbying by CU movement during Government Formation Talks

Our key ask is for the 33rd Dáil to radically review credit union legislation to enable and empower our movement to be a leader in Ireland’s recovery.

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Denis Naughten TD asks Minister for Finance for commitment to amend legislation for credit unions.

Denis Naughten TD questioned the Minister for Finance in the Dáil on whether he will commit to amending the primary legislation for credit unions to reflect the unique community nature of the credit union movement.

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Launch of Credit Union Story Competition

We are delighted to launch our brand new story competition which is open to children between the ages of 0-12. 

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Credit unions once again ranked as Ireland’s most trusted organisations

Credit unions throughout the country have been named the most highly regarded organisations in Ireland according to the latest Ireland RepTrak® 2020 study.

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COVID-19 Related Arrears will not Affect Member’s Credit History

Credit union members will not see any negative impact on their credit record on temporary holiday or reduction on their loan repayments.

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Loans are subject to approval. Terms and conditions apply. If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating which may limit your ability to access credit in the future.
Credit unions in the Republic of Ireland are regulated by the Central Bank of Ireland.
Credit unions in Northern Ireland are authorised by the Prudential Regulation Authority, and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
When acting as an insurance intermediary the Irish League of Credit Unions is regulated by the Central Bank of Ireland.

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