HSSCU Issues Historic €10Million in Loans in July 2020

News, Friday 7th August, by HSSCU

HSSCU Issues Historic €10 Million in Loans in Just 1 Month

HSSCU issued over €10 Million in loans to members in July 2020. We are proud of this historic achievement and to support the Irish economic recovery.


We are ecstatic to have made history by issuing over €10 Million in loans to members during July 2020. This shows that more and more members are turning to credit unions as their lenders of choice. What we’re more proud of, is the majority of this €10 Million will be spent locally. This will make a sizeable addition to the Irish economy.

We understand that past months have been difficult for all members. It was important for us to help members in the best and most responsible ways possible. With that in mind, we developed and adapted products to meet members’ needs. We introduced tailor-made products such as our ‘Stay at Home’, ‘Elevate’ and ‘Staycation’ loans. These helped tide members over during the pandemic, elevate members’ home-life scenarios and enabled members to take well-deserved breaks. We are committed to continue to innovate and introduce new and improved products and processes for you, our members.


How HSSCU Staff Feel About This Achievement


HSSCU’s CEO, Sean Hosford stated,


“This is a major achievement for our Credit Union. We knew there was pent up demand following the shutdown, and by listening to our members, we quickly developed and launched products to meet their needs. We found our new Stay at Home, Elevate, and Staycation loans to be very popular, as well as existing products, such as our large home improvement loan. All of these loans are designed to be spent locally and we are delighted that our members, many of whom have worked on the frontline during the pandemic, can now also contribute to our economic recovery.


Furthermore, HSSCU’s marketing manager, Pádraig Power said,


“We have a fantastic team and this achievement would not have been possible without strong interdepartmental teamwork and the community that we have cultivated with our members. Credit unions are ingrained in Irish culture. I see this as an achievement not only for HSSCU, but for the Irish Credit Union Movement. We have once again stepped up to the plate and our members have acknowledged this in making credit unions their lender of choice.


We are aware of the important role credit unions play in the Irish economy. As a business that was created to meet the economic needs of our members, we have stood the test of time.


We would like to extend ‘10 million thank you’s’ to our members.


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