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 data to the end of December 2016 include:
- While the figure for total assets remains above £3 billion there has been a decrease of over £7.5 million in Wales and £16.2 million in England;
- There has been a drop in income in all countries and a subsequent increase in expenditure in all countries bar England. This has resulted in a drop in interim profit for the sector as a whole of 32%;
- Electronic reporting came into effect for Credit Unions on 31/12/2016; therefore this is the first quarter’s data being published that has come from electronic submissions.
Credit union quarterly statistics - 2016 Q4