Facts and Statistics

Scale

At the end of December 2018, the British credit union sector had:

  • Around 283 credit unions across England, Scotland and Wales employing more than 1,700 staff
  • 1,372,416 people using credit unions, including 136,491 junior depositors
  • Total assets of £1.63 billion
  • Total loans of £969 million
  • Total deposits of £1.37 billion
  • Annual turnover of £120 million (year to December 2018)

Sources: PRA unaudited quarterly figures for December 2018

Growth

In the year to September 2017, the sector grew:
  • Membership by 1%
  • Assets by 6%
  • Loans by 7%
  • Deposits by 6%
  • Turnover by 1%

Source: audited, annual figures for 2017

In the decade from 2007 to 2017, the sector:

  • Almost doubled in membership and loans by 188% and 208% respectively
  • Almost trebled deposits and assets by 283% and 277% respectively

Source: PRA audited, 2017 annual figures 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 117 countries with 89,026 credit unions
  • More than 260 million credit union members
  • Assets of over $2.1 trillion
  • Loans of over $1.5 trillion
  • Deposits of over $1.7 trillion

High penetration rates in many developed countries:

  • 52% in USA
  • 42% in Canada
  • 26% in Australia

Source: WOCCU Statistical Report 2017

WOCCU’s full annual statistical report is available here.