https://www.rte.ie/news/business/2017/0123/847010-credit-unions/
"The new mortgage service is initially being made available to credit unions representing almost one million credit union members.
"Through the Solution Centre we have been able to help many credit unions make the move into the mortgage market, and are moving ever closer to our goal of making Irish Credit Union full service outlets for customers' financial needs," commented Kevin Johnson, CEO of the credit union representative body CUDA.
Credit unions are subject to lending restrictions through regulation, which dictates that only 10% of their loan book can be for terms longer than ten years, with the possibility of that being extended to 15%."
"The new mortgage service is initially being made available to credit unions representing almost one million credit union members.
"Through the Solution Centre we have been able to help many credit unions make the move into the mortgage market, and are moving ever closer to our goal of making Irish Credit Union full service outlets for customers' financial needs," commented Kevin Johnson, CEO of the credit union representative body CUDA.
Credit unions are subject to lending restrictions through regulation, which dictates that only 10% of their loan book can be for terms longer than ten years, with the possibility of that being extended to 15%."