Facts and Statistics

Scale

At the end of September 2020, the British credit union sector had:

  • Around 240 credit unions across England, Scotland and Wales employing more than 1,600 staff
  • 1,355,630 people using credit unions, including 116,502 junior depositors
  • Total assets of £1.95 billion
  • Total loans of £1 billion
  • Total deposits of £1.68 billion
  • Annual turnover of £135 million

Source: Bank of England Credit Union Annual Statistics 2020

Growth

In the year to September 2020, the above figures changed

  • Membership by -2.8%
  • Assets by +12.2%
  • Loans by -2.3%
  • Deposits by +13.6%
  • Turnover by +3.8%

Source: Bank of England Credit Union Annual Statistics 2020

In the decade from 2011 to 2020, the sector:

  • Increased in membership and loans by 41% and 71% respectively
  • Increased in deposits and assets by 135% and 127% respectively

Source: Bank of England Credit Union Annual Statistics 2020 and ABCUL

Note: Annual figures are not available until July the year after. 

International

While credit unions in Britain remain relatively small, internationally there are:
  • Active credit union sectors in 118 countries with 86,055 credit unions
  • More than 291 million credit union members
  • Assets of over $2.6 trillion
  • Loans of over $1.8 trillion
  • Deposits of over $2.1 trillion

High penetration rates in many developed countries:

  • 56% in USA
  • 42% in Canada
  • 32% in Australia

Source: WOCCU Statistical Report 2019

WOCCU’s full annual statistical report is available here.