Credit Unions are set for a significant shift as the Central Bank introduces major updates to lending rules — changes that will allow them to double their mortgage lending capacity.
Key measures include:
📍 Home loan limits increased from 15% to 30% of total assets 📍 Business lending limits raised to 15% 📍 Home and business lending limits now separated for greater flexibility 📍 The requirement for a business plan on loans over €25,000 removed
This is a meaningful step forward for the sector and signals a clear ambition to compete more directly with traditional lenders in the mortgage market.
At the same time, many Credit Unions are finding it increasingly difficult to recruit for junior and member-facing roles — positions such as Member Services Officers and Administrators are taking longer to fill, often due to limited interview structures or a lack of early-stage pre-screening in the hiring process. As the sector grows in scale and ambition, getting the foundations of recruitment right will matter more than ever.
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