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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 August 2023
Key points from the data:
The number of adult members of UK Credit Unions grew by 1.3% in 2023 Q1 to surpass 2 million for the first time.
The total value of net liabilities in arrears grew by 10.0% to £139.8 million in 2023 Q1, this represents a 35.9% increase compared to the pandemic low of £102.8 million.
The total assets held by UK Credit Unions increased by 1.0% in 2023 Q1 reaching £4.6 billion.
Interim profit increased by 22.3% to £12.2 million in 2023 Q1, after falling by 28.3% in the previous quarter. The increase was driven by a 4.3% fall in total expenditure to £58.4 million, which offsets a 0.5% decline in total income to £70.6 million.
