Credit Unions in Australia - Market Research Report

Credit Unions industry trends (2014-2019)

poll Average industry growth 2014–2019: -9.6%

Successive cash rate cuts have negatively affected the Credit Unions industry's performance over the past five years. In an effort to stimulate the Australian economy, the RBA cut the cash rate to a historic low of 1.50% in August 2016. The cuts have limited the interest income generated on credit unions' loan books. Even more damaging has been the decision of many credit unions to exit the industry and convert to banks. As a result, a portion of the industry's revenue and asset base has been reclassified to the National and Regional Commercial Banks industry. Subsequently, industry revenue is expected to decline at an annualised 7.7% over the five years through 2018-19, to $1.60 billion. Industry revenue is anticipated to rise by 0.2% in 2018-19. B...
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Credit Unions industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Credit Unions industry is likely to benefit from the projected rise in the cash rate over the next five years, although to a lesser extent than other financial institutions and lenders. Despite this, industry revenue is forecast to only rise slightly, as industry operators continue to consolidate, exit the industry, or reclassify as banks. Overall, industry revenue is anticipated to increase at an annualised X.X% over the five years through XXX-XX, to $X.XX billion. Rising competition from national and regional commercial banks and other non-bank lenders is also projected to impede industry growth, although existing credit unions are expected to grow as they increase their brand visibility and continue to expand their loan books. Funding limitat...
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Credit Unions industry statistics

  • business Number of Businesses: 342
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 3,941

Biggest companies in the Credit Unions industry

The companies holding the largest market share in the Credit Unions in Australia industry include Credit Union Australia Ltd, Australian Central Credit Union Ltd, Queensland Country Credit Union Ltd and Bananacoast Community Credit Union Limited.

  • pie_chart Credit Union Australia Ltd Market Share: x.x%
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  • pie_chart Australian Central Credit Union Ltd Market Share: x.x%
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  • pie_chart Queensland Country Credit Union Ltd Market Share: x.x%
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  • pie_chart Bananacoast Community Credit Union Limited Market Share: x.x%
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What is Credit Unions industry?

Industry Definition

The industry consists of financial institutions known as credit unions or cooperatives, which are owned by their members. Industry players provide their members with banking services, mainly deposit taking and lending.

Industry Products and Services

  • Residential mortgages
  • Term loans
  • Deposit accounts and other
  • All Others

Industry Activities

  • Mortgage lending
  • Personal lending
  • Commercial lending
  • Deposit accounts

Market research report - table of contents

Industry Definition

The industry consists of financial institutions known as credit unions or cooperatives, which are owned by their members. Industry players provide their members with banking services, mainly deposit taking and lending.

Main Activities

  • Mortgage lending
  • Personal lending
  • Commercial lending
  • Deposit accounts

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The cash rate is the interest rate at which authorised deposit-taking institutions pay or charge for overnight funds. This affects the interest rate credi...
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Cash rate
Consumer sentiment index
Mortgage affordability
Residential housing loan rates

Current Performance

Bad debts
Regulation
Consolidation and exit
 Chart: Revenue Growth

Industry Outlook

Cash rate
Competition and reforms
Consolidation
 Table: Credit Unions in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Credit Unions in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Consumers in Australia






Key Selling Industries

Custody, Trustee and Stock Exchange Services in Australia
Legal Services in Australia
Accounting Services in Australia




Products & Services

Operators in the Credit Unions industry largely offer the same products and services as the commercial banks. However, they typically have a smaller varie...
Household and commercial sector
Investor property buyers




Demand Determinants

The level of demand from business and retail customers for loans and deposit-taking services drives demand for credit unions' financial products and servi...
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Major Markets

Household and commercial sector
Investor property buyers





 Chart: Major Market Segmentation for the Credit Unions in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Credit Unions industry exhibits a moderate level of market share concentration. This concentration has increased over the past five years. The four la...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Credit Unions in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Credit Unions in Australia - Market Research Report Industry

Industry Globalization

Credit Union Australia Ltd (CUA) is Australia's largest member-owned credit union. The company was officially founded in 1966 as the Queensland Postal Coo...
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Credit Union Australia (CUA)

 Table: Credit Union Australia (CUA) - financial performance

People's Choice Credit Union

 Table: People's Choice Credit Union - financial performance

Qld Country Credit Union

 Table: Qld Country Credit Union - financial performance

bcu

 Table: bcu - financial performance

Capital Intensity

The Credit Unions industry exhibits a low level of capital intensity. For every dollar paid as wages, an estimated $0.06 is spent on capital investment. T...
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 Chart: Level of Capital Intensity for the Credit Unions in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Credit Unions in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

COMMON EQUITY TIER 1 (CET1)

INTEREST RATE

MORTGAGE

MUTUAL ORGANISATIONS

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Credit Unions industry?

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This report on Credit Unions in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Credit Unions in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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