Midlands Credit Union Sees Substantial Increase In Mortgage Requests

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It says it's as a result of rising rates in traditional banks.

The amount of people turning to a midlands credit union for a mortgage has seen a substantial increase in recent years.

It comes as businesses affiliated with the Irish League of Credit Unions, have seen the highest level of lending in nearly a decade and a half.

Manager of the North Midlands Credit Union, Tom Allen, says various surveys have shown the organisation has grown in membership and have many positive reviews in how they treat customers.

Mr Allen says many people are switching to them due to rising rates among traditional banks:

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