Key points from the data:
- The total number of adult members has been steadily increasing. In 2023 Q4 there were 2,094,954 members, which represents an increase of 1.92% quarter-on-quarter.
- The number of juvenile depositors has trended in the opposite direction, declining by 0.85% from 2023 Q3.
- Loans to members increased by 5.55% quarter-on-quarter to £2.46 billion. All four countries have seen an increase compared to last quarter.
- Total income increased by 11.29% to £102.22 million quarter-on-quarter, passing the £100 million mark for the first time, while total expenditure has increased by 12.03% to £89.44 million.
- Both the total value and the total number of net liabilities in arrears have increased from 2023 Q3, growing by 7.37% and 3.46% respectively.
