Key points from the data
- The total value of loans to members increased 4.8% in 2022 Q4, surpassing £2bn, as the average loan value grew by 2.8%, exceeding £1,000 for the first time (£1,015).
- Credit Unions in Scotland reported a loss of £234k in 2022 Q4 for the first time, despite record income (£12.1mn), as total expenditure increased 19.1% quarter-on-quarter to £12.3mn.
- The number of juvenile dispositors fell for the 12th successive quarter, decreasing by -0.31% to 202k, to a level 18.2% lower than the 2017 Q4 peak of 247k.
- The total value of net liabilities in arrears increased by 6.6% to £127mn, driven by a 11.1% increase in England alone to £76mn.