Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an estimate of the number of credit unions operating in the UK in each year since 2010.

Annual statistics on credit unions in the UK are publicly available from the Bank of England website. Details of registered co-operative societies and the years they are or have been active can be accessed from the Mutuals Public Register.

Additionally, the latest Co-op Economy Report reveals that the number of independent co-operatives in the UK grew by 1.2% in 2020, despite the challenges posed by the Covid-19 pandemic. There are now over 7,000 independent co-operatives, with more than 250,000 employees and nearly 14 million UK co-operative members. These co-operatives contributed £39.7 billion to the UK economy in 2021, up by £1.1 billion from 2020.