Launch of HEUL Scheme

Clonmel Credit Union Joins the Home Energy Upgrade Loan Scheme

• Clonmel Credit Union is one of seven new applicants now offering the government’s home energy upgrade loans.

Clonmel Credit Union has become the latest lender to accept applications under the Government's Home Energy Upgrade Loan Scheme.

The scheme aims to encourage homeowners to invest in energy upgrades to make their homes warmer, healthier and more comfortable, with lower emissions and reduced energy bills.

Clonmel Credit Union is one of seven credit unions approved to join the scheme following an extensive due diligence process involving the Strategic Banking Corporation of Ireland (SBCI), European Investment Bank (EIB), and European Investment Fund (EIF).

Clonmel Credit Union is the only financial institution in Co. Tipperary to be approved to join the Government-backed scheme, aiming to ensure that access is simple and speedy, reducing the workload for homeowners.

The CEO of Clonmel CU, Pádraig Enright, welcomed the scheme. He commented on the announcement, "This is excellent news for the community. Clonmel Credit Union is delighted to be among those selected to participate in the scheme.

Together with the SBCI, we aim to significantly contribute to local communities across South Tipperary and beyond through the Home Energy Upgrade Loan Scheme. Having completed our energy upgrade in recent years, we have experienced first-hand the benefits and returns an energy upgrade delivers."

"Combining unmatched interest rates, an excellent customer experience with fast decision-making, will enable our members to undertake energy efficiency upgrades on their homes and contribute to further local development and sustainability," Mr Enright added.