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Facts and Statistics

Scale

At the end of June 2017, the British credit union sector had:

  • Around 292 credit unions across England, Scotland and Wales employing more than 1,700 staff
  • 1,290,545 people using credit unions, including 136,491 junior depositors
  • Total assets of £1.5 billion
  • Total loans of £803 million
  • Total deposits of £1.25 billion
  • Annual turnover of £113 million (year to June 2017)

Sources: PRA unaudited quarterly figures for June 2017

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

International

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

  • Active credit union sectors in 109 countries with 68,000 credit unions
  • More than 235 million credit union members
  • Assets of almost $1.7 trillion
  • Loans of almost $1.2 trillion
  • Deposits of almost $1.4 trillion

High penetration rates in many developed countries:

  • 52.61% in USA
  • 46.71% in Canada
  • 74.47% in Ireland
  • 17.65% in Australia

Source: WOCCU Statistical Report 2016

WOCCU’s full annual statistical report is available here.