Facts and 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.
Membership, assets, savings and loans have all at least doubled recently, laying the foundations for British credit unions to emulate their international counterparts.
- Around 400 credit unions across England, Scotland and Wales
- 1,025,438 people use credit unions, including over 123,000 junior savers
- £776m is saved in British credit unions
- £602m 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 30 June 2012 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, Australia and Ireland are credit union members