Key Post List of Credit Union mortgage rates

Brendan Burgess

Brendan Burgess

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You should check with your Credit Union to see if they provide mortgages.

They all set their own rates, so some may be cheap while others may be expensive.

They often make a song and dance about the fact that you can pay off a credit union loan early without penalty. You can always pay off a variable rate mortgage from any lender early without penalty.

Most banks charge an early repayment fee on fixed rate mortgages - some credit unions don't. Again, check the terms and conditions.

Credit Unions are restricted in the amounts they can lend out on mortgages, and the better value ones have waiting lists, so if you are thinking of buying a house at some stage in the future, get onto the waiting list.

Join a few different credit unions

If you are teacher married to a civil servant living in Dublin 4, you can probably join the Educate Credit Union, the Public Services Credit Union, Savii in Ringsend, and Capital Credit Union in Sandymount. The best value today might not be the best value when you are applying for your mortgage.
 
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Here are the ones which charge 3.5% variable or less.
And some fixed rate ones as well.

VariableFixed
EducationSecondary school staff2.75%
Youghal2.9%
St. Raphael'sGardaí - waiting list in operation2.95%
Members FirstNorth Dublin5 years: 3.2%
St Canice'sKilkenny3 years: 3.15%
5 years: 3.45%
First SouthCork3.25%3 or 5 years: 3.9%
SaviiDublin 1,2 & 33.25%
Ballincollig3.25%
ProgressiveNorth Dublin3.5%
Public ServicesPublic Service staff3.5%
LifeKildare3.5%
ConnectCo Louth3.82%
Drogheda3.9%
Core Credit UnionDun Laoghaire & surrounds5% for the life of the loan
 
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I would like to compile a list of all the credit unions which do mortgages.

Thanks to SueEllen for bringing this list to my attention

www.creditunion.ie

For You. Not Profit. - The Irish League of Credit Unions

Credit Union
www.creditunion.ie www.creditunion.ie

Dublin
Aviate Credit Union
Capital Credit Union
Core Credit Union
Health Services Staffs Credit Union
https://www.heritagecu.ie/MortgageEnquiry (Heritage Credit Union)
Member First Credit Union
Palmerstown Credit Union
Progressive Credit Union
Public Service Credit Union
Savvi Credit Union

Nationwide (Industrial)
Aviate Credit Union
Cana Credit Union
Education Credit Union
Health Services Staffs Credit Union
Savvi Credit Union
https://stpaulscu.ie/mortgages/ (St. Paul's Garda Credit Union)
Public Service Credit Union
Teachers' Union Of Ireland Credit Union



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Could you provide the following information in the following format:


Link to the Credit Union's mortgage page
Name - if it's not obvious from the link
Area served
Rates
Limits

Relevant notes.

No letting off steam.

For example:
savvi.ie

Mortgages | Quick & Easy Application | Savvi Credit Union

Invest in your future with our mortgage loans today. Find the perfect plan for your dream home. Competitive rates & expert guidance. Get started today!
savvi.ie savvi.ie
Live or work in: Dublin 1,2 &4
3.25% variable
From €50k to €500k
Free mortgage protection insurance
 
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MFCU rates changing from 1st July 2023.

Name: Member First Credit Union (MFCU)
Area served: North Dublin eg Swords, Raheny, Donaghmede, Coolock, Marino, Artane
https://www.mfcu.ie/credit-union-mortgage/

Rates:

Mortgage TypeCurrent RateNew Rate (in effect from 1st July 2023)
Variable Interest Rate4.25%4.75%
3 Year Fixed Interest Rate3.5%4.5%
5 Year Fixed Interest Rate3.2%4.2%

Limits:
PPR only.
With an MFCU Mortgage, the minimum loan amount is €100,000 and the maximum amount is €500,000.
The minimum term of the loan is 5 years with a maximum term of 35 years.

Notes:
TBD If this is for new mortgages only or switch also
 
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Progressive Credit Union
To qualify for membership of Progressive Credit Union you must be living or working within our common bond. We have branches in Balbriggan, Baldoyle, East Wall, Fairview, Glasnevin, Rush & Swords Rivervalley, serving the surrounding areas of Balbriggan - Baldoyle - Clontarf - Donabate - East Wall - Fairview - Glasnevin - Howth - Lusk - Portmarnock - Rush - Skerries - Sutton - Swords Rivervalley

3.5% var
Max Term: 35years
Limits: Max loan amount €500k

Mortgages

Mortgages exclusive to Members
www.progressivecu.ie
 
Capital Credit Union

Area served:

Anyone who is Living, Working or Studying in our catchment area can join Capital Credit Union.

Our catchment area includes most parts of Dublin 2, 4, 6, 6W, 8, 12, 14, 16, 18 and North Wicklow.

  • Borrow up to €400,000
  • See Our Green Mortgage
  • Special Fixed Rate Mortgage
  • Flexible repayment options
1ST TIME BUYERS
We now offer a great package for First Time Buyers. As a credit union, we will be there to support you throughout your journey while offering great value.
MORTGAGE AFFORDABILITY CALCULATOR
  • Variable rate of 3.85% (3.92% APRC*)
  • Apply online today and we will be in touch
  • 90% loan to value for principal private residence
MOVERS & SWITCHERS
Our package for Movers & Switchers is designed to make things as smooth as possible for our members, see how we can help you today.
MORTGAGE AFFORDABILITY CALCULATOR
  • Variable rate of 3.85% (3.92% APRC*)
  • Apply online today and we will be in touch
  • 90% loan to value for private principal residence
OUR GREEN MORTGAGE
Our Green Mortgage is 5-Year Fixed Rate mortgage designed reward those who are buying or renovating more energy efficient homes, saving the planet and their pocket!
CONTACT US TODAY
  • Fixed rate of 3.50% (3.56% APRC*)
  • You’ll need an energy rating of BER B3 or higher
  • 90% loan to value for private principal residence
5-YEAR FIXED RATE
Our special 5-Year Fixed Rate mortgage offers you security in the medium term with fixed repayments at great value, ideal for those looking to switch!
CONTACT US TODAY
  • Fixed rate of 3.85% (3.92% APRC*)
  • Contact us directly about our fixed rate
  • 90% loan to value for private principal residence only

(Hope I get 10/10 for above or boss will come after me :oops::oops:)
 
Core Credit Union Dublin

Blurb:
  • The security of a fixed rate with benefits usually associated with a variable rate,
  • No early repayment fees or charges,
  • Pay extra amounts or lumpsums off whenever you please.
  • As a member owned financial cooperative, local savings creates our funds for loans and mortgages.
Details:
  • Borrow between €40K and €350K
  • Terms Available: 1 year to 35 years
  • Fixed Interest Rate: 5% fixed rate (5.12% APRC) for the duration of the mortgage
  • A CU Home Mortgage is only available on a principal private residence (must reside in the property) or for a self- build.
Employment Requirements

  • Employees must be in permanent employment for more than 6 months and have successfully completed their probationary period

Self-Employed must be self-employed for a minimum of 2 years

Areas Served (not explicitly stated but presumably need to be a member of the following)
  • Ballybrack
  • Monktown Farm
  • Dun Laoghaire
  • Sallynoggin
  • Shankill
 
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Name: First South Credit Union - Cork

First South Credit Union Ltd

www.1cu.ie www.1cu.ie

Residence or employment or that of a family member in:

  • Cork City Centre
  • St Finbarr’s South Parish
  • Ballintemple
  • Ballinlough
  • Turners Cross
  • Ballyphehane
  • Ballinhassig
  • Cork Airport
  • Kinsale
  • Ballygarvan
  • Ballinspittle
  • Novohal
  • Tracton
  • Belgooly
  • Riverstick
  • Kilbrittain
  • Mayfield
  • Dillons Cross
  • Ballyvolane
  • Dublin Hill
  • Glenheights
  • Montenotte
  • Whites Cross
Rates:

Mortgage TypeCurrent Rate
Variable Interest Rate3.25%
3 Year Fixed Interest Rate3.9%
5 Year Fixed Interest Rate3.9%

Limits:
PPR (owner occupied) only (same for all Credit Unions)
With a First South Mortgage, the maximum amount is €400,000.
The maximum term of 35 years.
 
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CORE Credit Union

corecu.ie - corecu.ie

corecu.ie
www.corecu.ie www.corecu.ie

Fixed at 5% for the life of the loan

Residence or employment or that of a family member in:
  • Foxrock
  • Dalkey
  • Glenageary
  • Carrickbrennan
  • Parts of Leopardstown
  • Ballybrack
  • Monktown
  • Dun Laoghaire
  • Sallynoggin
  • Shankill
Maximum Loan €500k
 
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Name: St Canices Credit Union

Residence or employment or that of a family member in:
  • Kilkenny Cityand surrounding townlands of: Clara, Tullaroan, Kilmanagh, Danesfort, Freshford, Dunnamaggin, Aghavillar, Windgap and the townslands of Stoneyford and Ballyfoyle.

    Bagenalstown, Co. Carlow: Including Old Leighlin, Leighlinbridge, Ballinabranagh, Milford, Nurney, Fenagh, Garyhill, Ballinkillen, Myshall, Borris, Goresbridge, Gowran and Paulstown.

    Ballyragget, Co. Kilkenny: The parishes of Ballyragget, Lisdowney, Conahy and Lismaine and the postal districts out as far as Freshford.

    Callan, Co. Kilkenny: Parish of Callan along with the parishes of Ballingarry, Mullinahone, Dunnamaggin (includes Windgap), Danesfort, Kilmanagh.

    Durrow, Co. Laois: Area bounded by and including the following townslands: Glebe, Grennan, Raheenduff, Gurraun, Brandra, Watercastle, Stewartsgrove, Dunmore, Kyle, Coolderry, Ballacolla, The Heath, Rathmakelly, Ballygarven, Newtown, Ballynevin, Parknahown, Scrubb, Spaquarter, Bunlacken, Aharney, Archestown, Seskin and Ballynaslee.

    Graignamanagh, Co. Kilkenny: This is the parish of Graignamanagh plus five miles on the Carlow side of the bridge. The townslands on the Carlow side of the bridge include Carrigleade, Tincurry, Bahana, Glyn, Ballymurphy, Ballykeenan, Harristown, Newtown, Ballyroughan, Tinnacarrig, Rocksavage, Seskin, Inch, Lacken, Clanagh, Mullanaskeagh, Ballyglisheen, Goolin, Slievedurda, Ballybeg Big, Ballybeg Little, Marley, Coolyhune, Ballyblake, Ballylyng and Aughnaglear.

    Mountrath, Co. Laois: The Mountrath area covering a six mile radius from the town including the parishes of Camross, Coolrain, Pike of Rushall, Castletown, Bandra, Kilbricken, Shean, Pallas, Ballyfin, The Oak, Ballyhupahaun and Curragh and also touching the edge of Portlaoise and Borris in Ossory.

    Piltown, Co. Kilkenny: Parishes of Ardclone, Fiddown, Turkstown, Clonmore, Graigavine, Clonconey, Cashel, Tobernabrone, Harristown, Kilmogue, Mullenbeg, Curroughmore, Ballinalinagh, Tullahought, Kilmacoliver, Owning, Templeorum, Birchwood, Skough, Castletown, Whitechurch, Killonerry and Tybroughney.

    Rathdowney, Co. Laois: The common bond covers a radius of 6 miles from the Bridge in the town. This covers the parishes of Rathdowney/Errill, part of Galmoy, Cullohill and Aghaboe. The common bond incorporates the Electoral Divisions of Ballybrophy, Clonmore, Cuffsborough, Cullahill, Donaghmore, Errill, Galmoy, Glashure, Grantstown, Kilcoke, Kildellig, Killernogh, Kilnaseer, Kyle South, Moneenalassa, Rathdowney and Rathsaran.

St. Canice's Credit Union serving Kilkenny, Laois & Carlow

St. Canice's Credit Union was founded in 1964 and today is one of the largest community based credit unions in Ireland with over 57,000 members.
stcanicescu.ie stcanicescu.ie

Rates:

Mortgage TypeCurrent Rate
Variable Interest Rate3.50%
3 Year Fixed Interest Rate3.15%
5 Year Fixed Interest Rate3.45%

Limits:
PPR (owner occupied) only (same for all Credit Unions)
With a St Canices Mortgage, the minimum is €30,000 the maximum amount is €350,000.
The maximum term of 35 years.
 
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Name: Wexford Credit Union

Residence or employment or that of a family member: in the parishes of Wexford (including Clonard),

Wexford Credit Union Ltd.

Welcome to Wexford Credit Union, a community-based cooperative that provides our member's savings, loans, and other financial services.
www.wexfordcreditunion.ie www.wexfordcreditunion.ie

Rates:
Variable rate 3.99%

Limits:
PPR (owner occupied) only (same for all Credit Unions)
With a Wexford Credit Union Mortgage, the maximum amount is €225,000.
The maximum term of 35 years.
 
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Name: Health Services Staff Credit Union (NB after ToEs their common bond is huge)
www.hsscu.ie

Credit Union – Nationwide | Dublin | Galway | Cork | Limerick

Nationwide Credit Union. HSSCU members can do all business from home, but we also have credit union offices in Dublin, Galway, Cork Limerick & Louth.
www.hsscu.ie www.hsscu.ie

Residence or employment or that of a family member in:

  • Employees, retirees and trainees, resident within the State, of the Health Services Executive, Voluntary and Private Hospitals, Clinics and Practices providing direct healthcare.
  • And, employees of centres providing healthcare to the disabled
  • And, those members who are members on the 7th of December 2015And, persons, resident in the State, who are undertaking a degree in general nursing,psychiatric nursing, paediatrics or midwifery
  • And, employees, resident in the State, of the Health Services Staffs Credit Union Limited
  • And, members and employees of the Law Library, employees of the Court Services and thoseemployees of Hayes DX that work for the Court Services.
  • And, persons residing and employed within the following area (see map at end ofdocument). The area runs a line alongside the Southside of the Liffey from the junction of South Circular Road and Conyngham Road to Watling Street Bridge. Here, it crosses theLiffey and runs along Watling Street, Crane Street and Bellevue until it meets Marrowbone Lane at the junction of Summer Street. Turn right along Marrowbow Lane to the junctio nwith Cork Street and Dolphins Barn across Dolphins Barn Bridge where it turns rightdown Dolphin Road and Suir Road where it meets again with the South Circular Road backto Conyngham Road.
  • All those living, working and studying in the common bond of Ranelagh & District CreditUnion
  • And, full-time employees of Valero Energy (Ireland) Limited and its affiliated companies serving in Ireland and such temporary or non-established employees as the Board may from time to time decide and Pensioners of Texaco (Ireland) Limited, Chevron (Ireland)Limited and its affiliated companies, Pensioners of Valero Energy (Ireland) Limited and all those who were members of Texaco Credit Union Ltd. on 13 April 1991
  • Persons of employees resident or employed within the province of Munster, and Eircom and An Post or any wholly owned subsidiary of Eircom and An Post, Vodafone Ireland Ltd NTL Irish Networks Ltd Three Ireland Ltd Meteor Mobile Communications Phonewatch Golden Pages One Direct National Lottery and employees resident or employed within the province of Munster companies:persons of employment within C.I.E. who were members prior to the termination of employment in C.I.E. Cork City Employees of Unilever Ireland and their families. Employees in C.I.E. Galway and Pensioners, who were members prior to retirement, of C.I.E. Galway and their families.Broadstone C.I.E Employees Credit Union Ltd. That the member be either (a) a permanent employee of C.I.E. Broadstone or (b) a casual employee of C.I.E. Broadstone with a minimum of two years’ service.C.I.E. Employees Dundalk Credit Union Ltd. Of regular employees of Coras Iompar Eireannin the Dundalk area, the area being that under the jurisdiction of the District Manager of the entire Dundalk Area, as at 28/11/1968; and employees of C.I.E. Employees Dundalk Credit Union Ltd.Connolly C.I.E. Credit Union Ltd. Of employees and pensioners, who were members of the credit union prior to their retirement of Iarnrod Eireann (Irish Rail), Eastern region,Eastern Region being:The pay centre at Connolly station;The department of Running, Traffic, Mechanical Rail Engineer, Shop Grades and Salaries; The stations of Drogheda, Laytown, Mosney, Gormanstown,Balbriggan, Skerries, Rush & Lusk, Donabate,Portmarnock, Malahide, Howth, Sutton, Bayside, Howth Junction, Kilbarrack, Raheny,Harmonstown,Killester, Connolly, Tara Street, Pearse, Lansdowne,Sandymount, Sydney Parade,Booterstown, Blackrock, Seapoint, Salthill, DunLaoghaire, Sandycove, Glenageary, Dalkey, Killiney,Shankhill, Bray;The depots of North Wall, Inchicore, Heuston Station,Fairview and staff of C.I.E. based in Heuston Station, Oriel and Abbey Street.
  • Also included are family members of a current member. “Family Members” include,husband, wife, civil partners, son, daughter, parents, brother, sister, half-brother, halfsister, grandfather, grandmother, grandson, granddaughter, father-in-law, mother-in-law, brother-in-law, sister-in-law, son-in-law, daughter-in-law, uncle, aunt, nephew,niece and first cousin.
  • Persons, who do not fulfill the above criteria, may at the discretion of the Board of Directors be allowed to join the Health Services Staffs Credit Union Limited.
Rates:
I
Mortgage TypeCurrent Rate
Variable Interest Rate4.10%

Limits:
PPR (owner occupied) only (same for all Credit Unions)
With a HSSCU Mortgage, the minimum is €40,000 and the maximum amount is €700,000.
The maximum term of 35 years.
 
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Name: Enniscorthy Credit Union

Enniscorthy Credit Union Limited - For People, Not Profit

Welcome to Enniscorthy Credit Union. Our Credit Union is for People – not for Profit! Great rates on loans and savings in the Enniscorthy area.
www.enniscorthycu.ie www.enniscorthycu.ie

Residence, education or employment or that of a family member in:
Parishes of St. Aidan’s and St. Senan’s (both formerly known jointly as Enniscorthy), Ferns, Davidstown, Marshalstown, Ballindaggin, Cloughbawn, Bree, Monageer, Oulart incl., that part known as The Ballagh, Castlebridge, Crossabeg, Oylegate, Blackwater, Kilmuckridge, Piercestown, Taghmon, Kilrane, Tagoat and Lady’s Island.

The parishes of Rathnure, Adamstown, Newbawn & Clongeen or parts thereof, bordering New Ross Credit Union.

The parishes of Ballymore, Bannow, Rathangan & Kilmore or parts thereof, bordering Union Cleariestown Credit Union.

The parish of Clonard or parts thereof, bordering Wexford Credit Union and existing members from Bunclody as of 2nd December 1989,

Variable 4% (4.12 APRC)

Minimum Loan €50,000
Maximum Loan €250,000

Minimum term 5 years
Maximum Term 35 years
PPR (owner occupied) only (same for all Credit Unions)
 
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Bray Credit Union

East Coast Credit Union

East Coast Credit Union - Providing Financial Services to our Members
www.braycu.ie
Residence, education or employment or that of a family member in:
  • Shankill, Rathmichael, Enniskerry, Knockree, Kilmacanogue, Bray, Greystones, Delgany, Kilpedder, Kilcoole, Newcastle, Newtownmountkennedy, Sallygap, Laragh, Rathnew, Roundwood, Annamoe, Moneystown, and Glendalough.

Variable 3.90% (3.97% APRC)

Minimum Loan €50,000
Maximum Loan €400,000

Minimum term 5 years
Maximum Term 35 years
PPR (owner occupied) only (same for all Credit Unions)
 
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SAVVI Credit Union
savvi.ie

Home 2024 | Savvi Credit Union

savvi.ie savvi.ie
Residence, education or employment or that of a family member in:
  • Incorporating Pearse Credit Union Ltd:- residents of Westland Row Parish , City Quay Parish and Ringsend together with second and third level students with student cards confirming attendance at educational entities located within the aforementioned common bond of Pearse Credit Union Ltd
  • Incorporating St Laurence O’Toole Credit Union Ltd:- residents of Laurence O’Toole Parish, From – Amiens Street – Custom House Quay – North Wall Quay – Alexander Basin – Alexander Quay – Upper Sheriff Street – Spencer Dock – Seville Place together with second and third level students with student cards confirming attendance at educational entities located within the aforementioned common bond of St Laurence O’Toole Credit Union Ltd
  • All permanent, continuous and contract employees of ESB and its subsidiaries together with retirees from ESB and its subsidiaries
  • And all permanent, continuous and contract employees of Savvi Credit Union (ESB Staff) Ltd together with retirees from Savvi Credit Union (ESB Staff) Ltd.
  • all permanent, continuous and contract employees of Mediahuis Ireland Ltd (formerly Independent News and Media PLC (INM)) and is subsidiary companies, retirees of Mediahuis Ireland Ltd (formerly Independent News and Media PLC (INM)) and its subsidiary companies.
  • Together with members of the families of any of the previously mentioned members.
  • Together with students of second and third level accredited educational bodies within the Savvi Credit Union geographical Common Bond
  • Essentially Dublin 1,2 and 4 and ESB. All of IFSC.
3.25% variable interest rate (3.30% APR)
Minimum Loan €50,000
Maximum Loan €500,000

Maximum Term 35 years
PPR (owner occupied) only (same for all Credit Unions)
 
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