19 August 2025
Kilcock Credit Union is delighted with the publication of changes to the Credit Union Lending Framework by the Central Bank of Ireland
Kilcock Credit Union is delighted with the publication of changes to the Credit Union Lending Framework by the Central Bank of Ireland, which will come into effect from 1st October 2025, which will allow Credit Unions to significantly increase the total value of mortgage and business loans that can be issued, relative to the value of the assets held, otherwise referred to as lending limits.
Commenting on the publication, Mike Cosgrave, CEO of Kilcock Credit Union stated "The long overdue reforms in the framework are to be welcomed throughout the Credit Union sector. The new framework increases the total lending capacity for Credit Unions and in particular will position Credit Unions as a real force in the mortgage market. Specifically, Kilcock Credit Union will have the capacity to lend up to 4 times more than that which current regulation allows us to lend. This bodes well for our recently launched variable rate mortgage product and we look forward to being able to provide our Members access to greater levels of funding for housing and business needs."
