A New Way Home! New Standard Mortgage with Credit Union Mortgages

A New Way Home!

Carrick on Suir Credit Union Launches New Standard Mortgage Product

The Credit Union Mortgage has a competitive variable rate of 3.85%, and an interest rate capped at 4.4% for the first three years

Monday 20 October 2025:  In good news for home buyers and switchers, Carrick on Suir Credit Union is launching a new standard mortgage product. With a competitive variable rate of 3.85%, and an interest rate capped at 4.4% for the first three years, the innovative new product provides borrowers with a certainty of repayment, while also delivering the benefits of a variable offering.

Minister of State with responsibility for Financial Services, Credit Unions, and Insurance, Robert Troy, TD said: “As a trusted, community-based organisation Credit Unions have a unique place in Irish life.  The recent decision of the Central Bank to increase lending limits for credit unions is welcome as it supports more competition in the market. The introduction of innovative credit union mortgage products will be welcomed both by those looking to purchase a first home, and by those looking to switch lenders. I warmly congratulate those credit unions involved in today’s launch.

“This Government is prioritising significant capital investment in housing, to increase viability and supply. Broader mortgage infrastructure and competition will be important in the years ahead, ensuring first time buyers and those trading up or down have access to competitive financing.”

Pat Dunphy, CEO, Carrick on Suir Credit Union said; “We are very excited to be bringing a new mortgage product to our members who have been crying out for more choice in the mortgage market. Once again we have listened to our members and are responding to their needs. Starting today there really is a new way home, with a mortgage from Carrick on Suir Credit Union.

“Unlike other financial institutions, the decision on your credit union mortgage will be made here by your local credit union team. We have also made the application process as easy as possible, because we know buying a new home can be a stressful time and switching can be a hassle.   Anyone applying to us for a mortgage will get a quick and considered decision on their application”.

Further information can be found on https://carrickcu.ie/.

Issued by:

Pat Dunphy, CEO, Carrick on Suir Credit Union, 051-640675