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Facts and Statistics

Scale

At the end of September 2016, the British credit union sector had:

  • Around 329 credit unions across England, Scotland and Wales employing more than 1,500 staff
  • 1,274,961 people using credit unions, including 134,206 junior depositors
  • Total assets of £1.45 billion
  • Total loans of £788 million
  • Total deposits of £1.23 Billion
  • Annual turnover of £112 million (year to September 2016)

Sources: PRA unaudited quarterly figures for September 2016

Growth

In the year to September 2015, the sector grew:

  • Membership by 4%
  • Assets by 9%
  • Loans by 6%
  • Deposits by 9%
  • Turnover by 6%

Source: audited, annual figures for 2015

In the decade from 2005 to 2015, the sector:

  • More than doubled membership and loans by 203% and 213% respectively
  • Almost trebled deposits and assets by 277% and 286% respectively

Source: PRA audited, annual figures and ABCUL

International

While credit unions in Britain remain relatively small, internationally there are:

  • Active credit union sectors in 109 countries with 60,500 credit unions
  • More than 223 million credit union members
  • Assets of almost $1.8 trillion
  • Loans of almost $1.2 trillion
  • Deposits of almost $1.5 trillion

High penetration rates in many developed countries:

  • 48% in USA
  • 44% in Canada
  • 77% in Ireland
  • 27% in Australia

Source: WOCCU Statistical Report 2015

WOCCU’s full annual statistical report is available here.