Statistics

Credit unions have been growing steadily over the past ten years. And looking ahead, they are clearly in a strong position to develop further.

  • Around 405 credit unions across England, Scotland and Wales
  • More than 983,000 people use credit unions, including over 119,000 junior savers
  • £730m is saved in British credit unions
  • £595m is out on loan to members
  • 25 credit unions across the UK now offer current accounts
  • More than 34,000 people have their current account with a credit union
  • Some credit unions offer mortgages, cash ISAs and insurance products

Sources: FSA unaudited figures as at 31 December 2011 and ABCUL

Britain’s credit union movement has grown rapidly and continues to gather strength. In the decade to 2007, Britain’s credit unions saw a

  • 170% increase in membership
  • 318% increase in savings
  • 298% increase in loans
  • 351% increase in assets

Source: Breaking through to the future, Liverpool John Moores University, 2008. The report is available to download from the Research page.

The credit union movement is truly global, with:

  • 51,000 credit unions in 100 countries
  • 196 million credit union members across the world
  • US$1.5 trillion in assets
  • Between 25% and 50% of the populations of the USA, Canada, and Australia and Ireland are credit union members

 

Source: WOCCU

WOCCU’s full annual statistical report is available here.

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