Latest Credit Union Annual Statistics

Credit union quarterly statistics - 2023 Q4 - Published 30/04/24 by the Bank of England

The credit union quarterly statistics are statistics aggregated from the quarterly (CQ) returns submitted by authorised credit unions in the United Kingdom. See key points and the embedded document below

Key points from the data:

• The total number of adult members has been steadily increasing. In 2023 Q4 there were 2,094,954 members, which represents an increase of 1.92% quarter-on-quarter.
• The number of juvenile depositors has trended in the opposite direction, declining by 0.85% from 2023 Q3.
• Loans to members increased by 5.55% quarter-on-quarter to £2.46 billion. All four countries have seen an increase compared to last quarter.
• Total income increased by 11.29% to £102.22 million quarter-on-quarter, passing the £100 million mark for the first time, while total expenditure has increased by 12.03% to £89.44 million.
• Both the total value and the total number of net liabilities in arrears have increased from 2023 Q3, growing by 7.37% and 3.46% respectively.

Credit union quarterly statistics - 2023 Q4 | Bank of England