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The credit union quarterly statistics are statistics aggregated from the quarterly (CQ) returns submitted by authorised credit unions in the United Kingdom.
Published on
29 October 2021
Key points from the data:
Assets in the UK totalled £4.2 billion in Q2 2021, of which Northern Ireland accounted for 47.8%, taking their assets above £2 billion for the first time.
UK total shares surpassed £3.5 billion in 2021 Q2 to £3.55 billion, an increase of 2.3% from £3.48 billion in 2020 Q1.
Total expenditure decreased in the UK by 0.2% from £42.07 million in 2020 Q1 to £41.98 million in 2021 Q2, continuing a downward trend. There was also a decrease in the total income in the UK by 1.1% which was driven by decreases in Scotland and Wales of 21.0% and 22.2% respectively.
The UK number of loans in arrears continues to fall, decreasing by 2.0% to 70,150 with the total value of arrears also decreasing by 4.3% to £109.96 million. These trends were driven by Northern Ireland where the number of loans decreased by 4.6% to 10,544, while the value of arrears fell by 5.1% to £29.79 million, taking these figures to below 11,000 and £30 million respectively for the first time since 2020 Q1.
