The statistics provide a breakdown of the balance sheet, income statement, membership and loans. The figures are reported at a UK level and split to show aggregated values for England, Northern Ireland, Scotland and Wales.
Key points from the 2017 annual data include:
- The number of firms has continued to decrease in 2017 due to a number of mergers and non-submitters. These non-submitters account for about one percent of total assets;
- The data shows a continuing trend of an increase in total assets, rising 5% in 2017 to £3.2bn for the UK;
- Loans to members increased 6% in 2017 to £1.4bn, which represents 44% of total assets for the UK;
- The total net liabilities of loans in arrears increased 16% to £64m, which represents 5% of total loans to members.
Credit union annual statistics