Key points from the data
- While the number of adult members of credit unions continues to increase, with a record 1.94mn members in the UK in Q2 2022, the number of juvenile depositors has fallen consistently since Q4 2017 – there were 207,000 juvenile members in 2022 Q2, 16.2% fewer than at the peak in 2017.
- Total income in the UK surpassed £60mn for the first time in 2022 Q2, reaching £61.35mn, while total expenditure just topped a record £50mn.
- Loans to members as a percentage of total assets across the UK reached a record 41.8% in 2022 Q2. This figure varies considerably by region, with England providing loans amounting to 56.8% of its total assets in 2022 Q2, but with the equivalent figure in Northern Ireland being just 30.6%.
- Total capital in Northern Ireland increased by 2.4% from £245.7mn in 2022 Q1 to £251.7mn in 2022 Q2, passing £250mn for the first time. Northern Ireland accounts for almost 50% of the UK total capital and assets.
