The Credit Union House is a group of companies, the main activity of which is investing in real estate and portfolios of mortgage loans, as well as financing promising business projects.
The company was founded in 2005 under the name Estonian Real Estate (ERE Grupp). Over the years, we have gained vast experience in the field of real estate. Passing through the crisis years of 2008-2010, we have gained the understanding that the best opportunities are often created during a period of market fall. At the moment, the investment portfolio of the group includes development projects, rental of the real estate, lending activities, as well as projects for the financing of enterprises.
A number of companies belonging to the Credit Union House group have a credit rating of ‘AAA’ and ‘AA’, assigned by the rating agencies Krediidiinfo and Bisnode. Some of the companies that are members of the Credit Union House group were included in the list of so-called ‘Gazelle firms’. For two years in a row, in 2012 and 2013, one of the group companies took first place in the ranking of real estate companies of the leading Estonian business newspaper Äripäev.
In all our investment activities, we strive to create values. The high value of goods or intangible assets arises at the moment when consumers have the need for them. It is then that they are willing to pay a higher price. Of high value for people can be a number of intangible assets that cannot be assessed in monetary terms, for example family relations, health, friendship, and trust.
By joining the projects, we ask ourselves how, by helping to implement these projects, we can create values – those values that people actually need. If this is the production of consumer goods, then will they be aimed at the health and development of people? If this is the production of dwelling houses, then can people meet their basic needs and feel themselves protected in such homes? If this is lending, then can we help the borrower to solve problems, for example, concerning health, housing or education?
We are setting a defining question for ourselves: How can we put the knowledge we possess into the service of people? We are utterly convinced that knowledge as well as money are resources that work together. Without knowledge it is easy to lose money, and without resources, knowledge cannot be implemented. But these two aspects of a single whole must be subordinated to one common goal, the creation of values necessary for people to thrive.