Bank of England Credit Union Statistics

Key points from the data:

• Total income rebounded after falling in 2024 Q1, growing by 8.17% to £103.30 million in Q2. Interim profit/loss increased by 4.70% to £16.22 million over the same period.
• The total value of net liabilities in arrears rose by 9.46% quarter-on-quarter, passing the £200 million mark for the first time (£201.44 million).
• The total number of net liabilities in arrears increased 4.20% to 82,621 in Q2.
• The number of loans to members grew for the 13th consecutive quarter, increasing by 2.25% to 2.59 billion in 2024 Q2.