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The credit union statistics are annual and quarterly statistics aggregated from the annual (CY) and quarterly (CQ) returns submitted by authorised credit unions in the United Kingdom.
The statistics provide a breakdown of the balance sheet, income statement, and membership on both an annual and quarterly basis. The figures are reported at a UK level and split to show aggregated values for England, Northern Ireland, Scotland and Wales.
The annual statistics will be published in July each year and quarterly data made available four months after each quarter end.
Annual and quarterly statistics
Background to the credit union statistics
Credit unions in Great Britain were regulated by the FSA (Financial Services Authority) between 2001 and March 2013. Aggregated statistics produced using credit unions’ regulatory data were published on the FSA website.
Following the commencement of the Financial Services Act 2012, the PRA became responsible for the prudential supervision of credit unions. The Bank of England published the 2012 credit union statistics in the format previously used by the FSA, but from 2013 the layout of the tables has been amended to comply with Bank of England standards.
Some data elements were previously made available, but regularly had to be suppressed for confidentiality reasons – these data elements will therefore no longer be provided.
The statistics are based on the quarterly (CQ) and annual (CY) forms which have been submitted in their current format by credit unions in Great Britain since 2002. In 2012 credit unions in Northern Ireland also began to report using these forms.