Credit union annual statistics - 2024

Key points from the data include:

• Total assets held by UK credit unions grew by 2.58% in 2024, reaching £4.89 billion, up from £4.76 billion in 2023.
• Total income rose by 28.81% to £418.18 million, driven by increases in interest payments from members and investment returns. 
• Total expenditure climbed 29.89% to £326.34 million, while post-tax profits rose 17.91% to £74.83 million.
• Loans to members increased by 10.16% year-on-year, totalling £2.58 billion in 2024.
• Net liabilities of loans in arrears increased by 20.86% to £191.71 million in 2024, with 48.02% of this total overdue by more than 12 months.