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Credit Unions

Volume 481: debated on Tuesday 21 October 2008

To ask the Chancellor of the Exchequer how many members of credit unions there are. (228284)

The total number of credit union members in Great Britain as at end December 2007 (based on the annual supervisory returns submitted by credit unions to the FSA) was 675,789 with a breakdown as follows:

Number of credit union members

Qualifying members

580,101

Non-qualifying members

11,903

Juvenile depositors1

83,785

1 Persons too young to be members or hold shares.

There are in addition 419,364 members in 180 credit unions in Northern Ireland.

To ask the Chancellor of the Exchequer what credit unions were registered in each region of the UK in each year since 1997. (228285)

The breakdown of credit union registrations in the UK by region since 1997 is as follows:

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

Total

Scotland

11

10

8

5

2

3

1

3

0

2

1

0

46

Wales

2

3

4

4

1

0

0

1

2

0

1

0

18

England1

37

34

38

31

20

28

10

12

10

8

2

1

231

Northern Ireland

5

6

2

1

1

15

Total

50

52

56

40

25

32

12

16

12

10

4

1

310

1 East Midlands, East of England, Greater London, North East, North West, South East, South West, West Midlands, Yorkshire and the Humber.