Q2 FY2026 Results

The Irish League of Credit Unions (ILCU) has released the Q2 FY2026 results (January to March 2026) on behalf of its affiliated credit unions, with the Credit Union Loan Book showing further growth to a record high of €6.7bn.

Key highlights include:

Continued growth in lending demand with the total loan book at €6.66bn, up 9.6% year on year and 1.9% in this quarter.

The value of new loans has reached €735m, an increase of 11.5% in the quarter.

Mortgage Book continues to expand, increasing by 4% in the quarter and 24% year on year to €782m. That has now reached over €1 billion.

Mortgages now make up 11.7% of overall credit union loan book

The average loan outstanding also rose to a new high of €11,319 and this robust growth in lending is underpinned by strong credit quality.

David Malone, CEO, ILCU congratulated all credit unions on their continued strong performance. “These results show that credit unions are providing real choice and competition in the mortgage market while also supporting members through some of the most important financial decisions they will ever make.

The announcement has received strong media coverage, with coverage in the Irish Independent, Irish Times, Irish Examiner and Business Plus.

Read article: https://www.independent.ie/business/money/mortgage-lending-at-credit-unions-tops-1bn-for-the-first-time/a/157783743.html