DERG Credit Union is celebrating the launch of Greenify, a new national green loan initiative designed to help credit union members access affordable finance for home energy upgrades and sustainable transport solutions.
Greenify loans are available for energy-efficient home improvements, green transport, or equipment. Members can borrow up to €100,000 at a competitive variable interest rate of 5.5% (5.7% APR), with repayment terms of up to 10 years.
The scheme being presented by Derg Credit Union was launched by Collaborative Finance CLG, which is a group of credit unions working together to offer standardised loan products that allow member credit unions to broaden their loan offering in a standardised and collaborative way.
Derg Credit Union have branches in Killaloe and Scariff and employ about 10 people. Business Development Officer at Derg Credit Union Siobhán Durack told The Clare Echo that customers will be able to benefit from an excellent interest rate and renowned Credit Union customer service.
Siobhán, who has been with Derg Credit Union for 10 years, added, “We’re proud to be part of the Greenify initiative. It reflects everything we stand for as a credit union. Our members know they can count on us for personal service and trusted advice, and Greenify allows us to support them in making smart, sustainable choices for their homes and transport. It’s about putting people first while helping build a greener future together.”
The latest offering aligns with Credit Union’s mission to strengthen communities and advance financial inclusion by offering fair, ethical lending and a comprehensive range of financial services to their members. Recently Credit Unions claimed top spot in the Ireland Sustainability Reputation Index 2025. Siobhán notes that Credit Unions also recently won the Customer Experience Award for a 10th consecutive year.
Greenify builds on the success of a pilot scheme launched in October 2021 by eight credit unions within the Collaborative Finance network. Since then, the initiative has grown to include 30 credit unions, offering a standardised green loan product with consistent terms and interest rates, making it easier for members to navigate their options and access sustainable finance.
Siobhán adds, “There are two elements to the loans; green transport which is for electric cars, hybrids or plug-in chargers, and green home which for any elements such as insulation, solar panels and heat pumps.
“So far it’s been very successful and we’re delighted at Derg Credit Union to do our bit to support customers on their Green journey.”
To find out more about how to access a Greenify loan, visit Derg Credit Union’s offices in Scariff or Killaloe or visit www.Greenify.ie.
Credit Unions in Ireland are regulated by the Central Bank of Ireland.
