Dáil Éireann Debate, Tuesday - 1 July 2025
273. Deputy Pearse Doherty asked the Minister for Finance the number and value of loans issued by credit union below €2,000, to the end of March in each of the years 2023, 2024 and 2025; and if he will make a statement on the matter. [35787/25]
Amharc ar fhreagraThe following information has been provided by the Central Bank Of Ireland and is extracted from quarterly prudential returns submitted by credit unions to the Central Bank Of Ireland. The credit union financial year runs from 1 October to 31 September. The Deputy has asked for specific information to March each year, hence the information in tabular form below is from 1 October to the 31 March i.e. 6 months from the beginning of the credit union financial year.
New Loans Issued with a balance of €2,000 or less by Credit Unions from 1 October to 31 March
|
For the period |
Number of loans |
Value of loans |
|
1 October 2022 to 31 March 2023 |
110,661 |
€122.05m |
|
1 October 2023 to 31 March 2024 |
106,986 |
€118.98m |
|
1 October 2024 to 31 March 2025 |
97,900 |
€109.17m |
Total number of loans outstanding with a balance of €2,000 or less by Credit Unions at 31 March
|
For the period |
Number of loans |
Value of loans |
|
At 31 March 2023 |
142,627 |
€140.46m |
|
At 31 March 2024 |
138,078 |
€136.14m |
|
At 31 March 2025 |
131,774 |
€129.8m |
One of the core objectives of the credit union is to provide its members with loans and support the needs of its members. The provision of loans for amounts less than €2,000 is one of many measures of credit union delivery to its members.
