Bank of England Credit Union Statistics

Key points from the data:

• Credit Union membership continued to increase, growing by 0.46% to 2.15 million in Q4 of 2024.
• The total value of assets held by UK Credit Unions fell by -0.79% to £4.89 billion in 2024 Q4, this was the first quarterly fall since records began (2013 Q2).
• Quarterly income and expenditure reported by UK Credit Unions increased to record levels, with income growing by 1.40% to £114.63 million and expenditure increasing 4.86% to £103.50 million quarter-on-quarter.
• Interim profit fell by 22.40% to £11.13 million in Q4 driven by Credit Unions in England and Scotland, as increases in income were offset by greater increases in expenditure.

Credit union quarterly statistics