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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 January 2025
Key points from the data:
Total assets have been steadily increasing over the past 5 quarters, rising by 1.01% to £4.93bn in Q3 2024.
Although the total number of net liabilities in arrears has decreased by 2.52% to 80,559 between Q2 2024 and Q3 2024, in Scotland it has gone up by 8.77% to 18,551.
Total expenditure has grown faster than total income (11.96% vs 8.12%), leading to a decrease in profits from £16.20mn to £14.15mn.
Total value of net liabilities in arrears has increased by 6.00% quarter-on-quarter, to £213.56mn.
