It's hoped the savings from the reduction will be passed onto consumers.
A Government levy on credit unions is being cut by more than half.
The state will take in €5m from the sector in 2021, down from €12m this year.
The Irish League of Credit Unions says the move will go a long way to alleviating the impact of the pandemic on their balance sheet.
Minister of State with responsibility for the sector and Laois/Offaly TD Sean Fleming wants them to take this saving back to the consumer:
Gardaí Investigating Criminal Damage At Midlands Pharmacy
The incident took place in the early hours of this morning.
Midlands County Hosts Water Safety Awards Ceremony
Stephen O’Toole, Chairperson of Laois Water Safety, said he was proud of the success of the recent water safety classes
Surge In Respiratory Illness Cases Forces Visiting Restrictions For Midlands Hospital
Visits to Brosna Ward are allowed only for compassionate or critical cases.
Midlands MEP Warns Of EU Meat Price Collapse Ahead Of Mercosur Protest
Protests are taking place in Brussels today.
Offaly TDs Raise Community Policing Concerns Following Arson Attack
Tadhg Farrell and Mary Holt lost their lives during a house fire in Edenderry.
Fianna Fáil Warns Ireland Must Stay Competitive Amid Minimum Wage Increase
The minimum wage will rise to €14.15.
Uisce Eireann Confirms Completion Of Offaly Works
The replacement of old water pipes in Lusmagh began in October.
Man Hospitalised With Serious Injuries Following Offaly Crash
It happened in Killaderry yesterday afternoon.
Biodiversity Children's Book Launches In Midlands
The Three Billy Goats Gruff of Carlow' is a project by the local authority in Carlow.
Over €3.8m In IT And Minor Works Grants Going To Midlands Schools
Standardised payments are also being brought in for the grants.
Midlands Property Prices Continuing To Rise
CSO figures show national prices are up 7.3% in the year to September.
Mercosur Vote Down To The Wire - Midlands MEP
EU countries like France and Italy are looking to delay a final vote on the deal.
Offaly Community Sports Facility To Remain Closed Over Christmas
Geashill Playground's astro-turf is currently closed over insurance policy issues.
Westmeath Security Expert Welcomes Gardai Training For EU Presidency
Gardai are being trained on how to deal with scenarios like a large scale attack.
Lower Childcare Fee Caps Could Lead To Closures - FECP
Laois member Sonya Duggan from Kilminchy School House in Portlaoise says more support is needed.
Gardai Investigating Potentially Suspicious Approach Of Child In Laois
It took place yesterday afternoon in Portarlington.
Midlands Animal Rescue Shelter Unequivocally Against Fox Hunting
A bill is expected to be voted down by Fianna Fail, Fine Gael, and Sinn Fein.
Judge Disappointed And Surprised By AG Ruling On Burke Contempt Of Court Referral
His family have also avoided a criminal charge.
Five Maternity Reviews At Portiuncula Hospital Ongoing
Seven of those reviews have now been completed.
Gardaí Confirm Discovery Of Man's Body At Midlands Premises
The man's body was found in Longford Town on Tuesday.
