Key points from the data include:
- The total membership grew 2.3% in 2022 to 2.14 million, the highest level on record.
- Loans to members increased by 15.7% in 2022 to £1925.2 million which is the largest change since 2018.
- Over the same period, total net liabilities of loans in arrears increased by 12.7% to £124 million.
- Grants applied have decreased by 45.2% in 2022, from £11.8 million in 2021 to £6.5 million.