Credit union quarterly statistics - 2021 Q4

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 April 2022

Key points from the data:

  • The value of loans issued to members surpassed the pre-pandemic peak of £1.70bn, increasing 5.2% in 2021 Q4 to £1.74bn after hitting a pandemic low of £1.59bn in 2020 Q3. 
  • Adult membership of UK credit unions climbed to the highest level on record, increasing 12.8% over 5 years to 1.92 million, almost a third of whom were in Northern Ireland. The number of juvenile depositors has fallen steadily since 2017, and stood at just over 212,000 in 2021 Q4, of whom almost a half were in Northern Ireland.
  • The total value of net liabilities in arrears remains 16.2% higher in 2021 Q4 compared to pre-pandemic levels (2019 Q4), despite the total number of net liabilities in arrears returning to, and stabilising at, pre-pandemic levels. The average amount in arrears in 2021 Q4 was £1,570.