Credit union quarterly statistics - 2021 Q3

The credit union quarterly statistics are statistics aggregated from the quarterly (CQ) returns submitted by authorised credit unions in the United Kingdom.
Published on 31 January 2022

Key points from the data:

  • Assets in the UK exceeded £4.3 billion in Q3 2021 for the first time, a 10.0% increase on Q3 2020.
  • The value of loans issued to members has increased 4.4% to £1.66bn from a pandemic low of £1.59bn in Q3 2020, but is still 2.3% lower than the pre-pandemic peak of £1.70bn in Q4 2019. 
  • The total number of net liabilities in arrears fell by 4.5% between Q2 and Q3 2021, from 70,345 to 67,157. This is the first time the total number of net liabilities in arrears has fallen below 70,000 since 2019 Q4, before the pandemic started. The average amount in arrears decreased by 2.5% in the quarter, from £1,569 to £1,530. This average value is the lowest since 2020 Q2.