SEARCH   
MEMBER LOGIN    

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 | May 2014

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

The Credit Unions market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 09-14
0.6%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
Employment
43,973
Businesses
709
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 SWOT Analysis Chapter

The Credit Unions industry is in the mature stage of its life cycle, which is evident through its slightly below-average contribution to the economy, increasing industry consolidation and moderate rate of technological change. In the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to GDP, is forecast to increase at an average annual rate of 1.3%. This rate indicates that the industry is expected to grow at a slower pace than the overall economy, which is projected to increase at an annualized rate of 2.4% over the same 10-year period.

Over the past five years, credit unions and caisses populaires have invested considerable funds into technological development in response to increased competition for consumer deposits... 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


View Sample
Quote
Select Clients