Credit Unions in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Credit Unions in Canada Market Research Report | NAICS 52213CA | Apr 2015

Bank on it: Consolidation and a larger asset base will allow credit unions to compete with banks

IBISWorld’s Credit Unions market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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Industry Analysis & Industry Trends

Despite financial uncertainty and a tighter lending environment, credit unions have managed to achieve moderate growth over the past five years. Nevertheless, rising external competition is leading credit unions to consolidate, which has enabled them to reduce labour costs and take advantage of new technologies. During the next five years, consolidation will continue to help credit unions achieve economies of scale and increase their asset base. With increased size, they will be able to compete better on fee pricing and interest spreads... purchase to read more

Industry Report - Industry Analysis Chapter

During the past five years, Canadian credit unions were well positioned to recover from the recession due to their strong relationships with their members and appeal to consumers looking for financing. Although many credit unions have relaxed membership entry standards, enough due diligence is performed to maintain reliable sources of revenue. Industry revenue is expected to increase at an average annual rate of 3.8% to $8.9 billion over the five years to 2015. Despite considerable asset and revenue growth during the five-year period, commercial banks and persistently low interest rates have proven to be increasing sources of competition for industry operators... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Credit Unions Industry?

This industry consists of financial institutions known as credit unions and caisses populaires. These institutions are member owned and provide banking services, mainly deposit taking and lending, to these same members.

Industry Products
Residential mortgagesConsumer loansBusiness loansCommercial loans
Industry Activities
Accepting members' share depositsOffering members consumer loans

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