Information on the reporting requirements for credit unions.

How to submit returns through the BEEDS portal

Credit unions must use the 'Bank of England Electronic Data Submission' (BEEDS) portal to submit the required quarterly and annual returns.

Principal users

Credit unions nominate a principal user who is responsible for making their firm's submissions to the BEEDS portal. We liaise with the credit union’s nominated principal user for all matters related to BEEDS.

Accessing BEEDS

Principal users are provided with log in details for the BEEDS portal and additional users can then be set up. Materials are available below, to help credit unions familiarise themselves with the BEEDS portal.

Forms and notes

Excel templates for the quarterly return (Form CQ) and annual return (Form CY), as well as notes for completing returns are available here.

Form CQ should be submitted within one month of the end of the quarter to which it relates.

Form CY and audited annual accounts should be submitted within six months of the credit union's financial year end. For credit unions offering interest-bearing shares, confirmation must be submitted after each financial year end as outlined in the Credit Unions Act 1979, Section 7(A)(A) and (2).

Credit unions should refer to the notes below when completing their returns.

Reporting clarifications

We published a document outlining reporting clarifications following feedback received on the Bank of England's Electronic Data Submission (BEEDS) portal. The document covers three main areas:

  1. validation and plausibility
  2. completing the return itself
  3. who to contact with queries.

Nothing in the document represents a change in policy from the reporting regime set out in Credit union regulatory reporting - PS31/16. We have also published updated templates which include several technical improvements and are available in the credit unions section below. Please note, credit unions who have already submitted their returns using the templates issued via BEEDS in mid-January do not need to resubmit them. See the document below for more information.

Credit union reporting - clarifications  Opens in a new window 

Regulatory reporting to the FCA

Credit unions that report the Mortgage Lenders and Administrators Return (MLAR) do so via the RegData reporting system.

Credit unions should send their complaints reports and Product Sales Data (PSD) reporting to the Financial Conduct Authority (FCA).

Visit the FCA website for more information.

FCA website

This page was last updated 21 March 2023