Loans advanced by the country's credit unions climbed seven per cent last year, according to the annual report of the Irish League of Credit Unions (ILCU) published this morning
The value of credit union loans last year was €6 billion.
Savings increased by significantly more, climbing 17.5 per cent to €10 billion, the report showed.
According to the ILCU, the solvency of credit unions remains strong, while liquidity is "significantly in excess" of recommended requirements.