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:
Offaly TD Demands Stronger Ticket Touting Laws As Six Nations Prices Hit €3k
Fine Gael TD for Offaly John Clendennen says the laws need stronger enforcement.
Offaly Hotel Manager Highlights Lack Of HSE Staff To Register Marriages In County
Noel McCann from Tullamore's Bridge House Hotel says no HSE staff are available for civil ceremonies in Offaly.
Threshold Express Concern Over Excessive Short Term Lets
Threshold says there are 119 homes advertised for short term lets in the Midlands.
New Highly Skilled Midlands Jobs Announced
A new control centre in Athlone will manage power assets across Europe.
Wind Chill Expected To Bring Back Winter Feeling
11 counties are under the weather warning this morning.
Pieta House Expected To Close Midlands Services
A new 'co-located' facility is expected to opened in the future.
Westmeath Hotel Applies For New Wellness Centre
A decision on the application is due May 5th.
Midlands MEP Demands Stronger Disability Access Laws
Ciaran Mullooly believes a dedicated EU Accessibility Agency is needed.
Tullamore Lions Club Named All Ireland Club Of The Year
The Lions Club was honored last year for its 50 years of Service.
€366k In Compensation Paid Last Year For Pothole Damage To Motorists
Laois County Council had among the lowest levels of compensation, with just over €5,000 paid out.
Offaly Councillor Expresses Concern On 'Nearest School' Rule For Online Admission
Sinn Fein Councillor Aoife Masterson feels it will undermine schools in Tullamore selected for the pilot programme.
High Court Hears Moving Enoch Burke To Castlerea Prison Was 'Lawful'
Judgement on the matter has been reserved to next Wednesday.
IFA Welcome Plan To Dredge Parts Of River Shannon In Offaly
Plans have been approved by the local authority in Offaly.
Regional Enforcement Authority To Prevent Illegal Peat Extraction Still Being Formed
Local Government Minister James Browne has not announced further progress on the plan.
Dangers Of Black Ice Highlighted At Road Safety Conference
It comes ahead of a seasonal operation targeting drug and drink driving this weekend and St Patrick's Day,
Westmeath County Council To Host Civic Reception For Athlone Town
Athlone Town secured back to back league titles and the FAI Cup last season.
Laois Man Looking For Love On First Dates Ireland Tonight
Both Cavan Dunne and Caoimhe Moore from Laois feature on tonight's episode.
Irish Athletics Legend Ronnie Delany Dies Aged 91
He was a medal winner at the Melbourne Summer Games in 1956.
Authorities In Offaly Approve Dredging Along Part Of River Shannon
710 cubic metres of silt and peat will be cleared from Victoria Lock, Clonahenoge.
Laois Man Nears Finish Line Natiowide Charity Walk
Praveen Rawal began his journey on February 14th in Dublin.
