Important Mortgage Update


Due to the tremendous interest on our Mortgage Products over the last Financial Quarter, we have now reached the maximum we are permitted to lend in this category under the Central bank Regulations. Currently we have issued almost €11Million in Mortgages and we have a further €10Million at various stages in the mortgage application process.
Under regulations, Credit Unions can only lend 7.5% of their assets in the Mortgage Category. The Credit Union can seek to increase this percentage to 10% and make a further application to increase the limit to 15%. Your Credit Union is currently in the process of applying for theses increased Regulatory Limits. However, this process will take a number of months to progress to a decision.
Whilst your Credit Union has Assets in excess of €210Million, at the 10% Regulatory Limit we can only have €21Million in Mortgages.
Regrettably, this means for the foreseeable future we cannot accept any new mortgage applications.
We will continue to update our Members on the progress of our application to the Central Bank.
George Cantwell, CEO
Find out about a Mortgage with First South

At First South Credit Union, we understand that applying for a mortgage can feel intimidating and tiring, especially with so many options available in the market. This is why we want to make your experience as smooth and stress-free as possible.

We will work alongside you through every step of the process, providing personalized support and guidance. We pride ourselves on putting our members first. Our tailored approach to each unique member ensures that your specific needs are taken into account, providing you with a worthwhile mortgage experience that values your time and requirements.

What sets us apart from other mortgage providers is our member-focused approach, community involvement and competitive low rates, ensuring you get the best possible deal for your financial situation.

If you’re exploring mortgage providers and are seeking a partner who will work with you, not just for you, consider a Variable-Rate mortgage with First South Credit Union.



  • 3.25% Variable Interest Rate (3.30% APR)
  • Borrow up to 90% of the purchase price
  • Borrow up to €400,000 or up to 4 times your combined salary
  • No hidden fees or transaction charges
  • Great customer service
  • One of the lowest rates available
  • The interest you pay goes back in to your community
What our Members say:

About a year ago, I noticed as I was logging onto my online banking that First South Credit Union provides Mortgages. First South Credit Union stands out for the excellent customer service they provide online and face-to-face. Nothing is too hard or too silly a question to answer.

I’ve already recommended the team to colleagues and friends.  Again, without a doubt the best customer service. They are so approachable and they provided personal support while I was trying to work out how to buy a house.  The team always rang back or emailed with an answer.  I would not have received such support through a bank. I can’t recommend the team enough.

If you asked me whether you should choose First South Credit Union for your mortgage, I would say do it, 100%. The service and support you get from the team totally worth its weight in gold.  I knew the team was there and getting my house was important to them. They also will highlight any issues you might face, up front, before the process.  

Thank God for Traci and the team at First South Credit Union. I would not have survived the stressful process of buying a house without their knowledge, help and support!

How to apply

How To Apply

Submit an enquiry form and a member of the loans department will contact you to discuss your needs and proceed with your loan application. Alternatively, you can visit any of our offices or call us on 021 496 5134.

Warning: The cost of your monthly repayments may increase.

Warning: If you do not meet the repayments on your loan, your account will go into arrears.
This may affect your credit rating, which may limit your ability to access credit in the future.

Warning: If you do not keep up your repayments you may lose your home.

The lender is First South Credit Union Limited. Security on your property, property insurance and life cover are required. Loans are subject to approval. Terms & Conditions apply. A mortgage of €150,000 over 25 years with 300 monthly instalments costs €730.97 per month at 3.25% variable interest rate (Annual Percentage Rate 3.3%). The total amount you pay is €219,316.95. Possible fluctuations of the rate could affect the amount payable.
First South Credit Union Limited is regulated by the Central Bank of Ireland.

If you would like more information on mortgages with First South Credit Union please contact us today.

Contact Us