Credit union quarterly statistics - 2023 Q3

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 January 2024

Key points from the data: 

  • Loans to members increased 5.3% quarter-on-quarter to £2.34 billion, with loans to members in England passing the £1 billion mark for the first time.
  • The average amount in arrears grew for the 8th successive quarter, increasing by 4.6% to £2,043. 
  • Interim profit/loss fell by 20.0% to £11.89 million, as 14.4% growth in total income to £91.74 million was offset by a 22.2% increase in total expenditure to £79.85 million. 
  • Total capital held by Credit Unions increased 4.3% quarter-on-quarter to £602.03 million, passing the £600 million mark for the first time. 
Next release date: 30 April 2024