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Credit Unions in Canada

  • May 2014
  • -
  • MarketLine
  • -
  • 32 pages

Introduction

Credit Unions in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2009-13, and forecast to 2018). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Canada credit unions market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

*Credit unions are member-owned, not-for-profit financial cooperatives that provide savings, credit and other financial services to their members.
The members of a credit union share a common bond, such as living in the same region. Credit unions do not raise funds from sources other than their members' savings. There are no outside shareholders, and each union is run by directors elected by its members.
Cooperative banks are similar to credit unions, but members need not to share a common bond, financial products may be offered to non-members, and a certain amount of capital may be raised from sources other than savings. As a result cooperative banks are not included in this report.
Values relate to total assets held by credit unions in the relevent country at year end, whilst volumes relate to total members (customers) of credit unions.
Any currency conversions used in the creation of this report have been calculated using constant 2013 annual average exchange rates.

*The Canadian credit unions sector had total assets of $301.8bn in 2013, representing a compound annual growth rate (CAGR) of 4.3% between 2009 and 2013.

*The number of members declined with a compound annual rate of change (CARC) of -1.6% between 2009 and 2013, to reach a total of 10,156.8 thousand members in 2013.

*The performance of the sector is forecast to accelerate, with an anticipated CAGR of 8.7% for the five-year period 2013 - 2018, which is expected to drive the sector to a value of $458.2bn by the end of 2018.

Features

Save time carrying out entry-level research by identifying the size, growth, and leading players in the credit unions market in Canada

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the credit unions market in Canada

Leading company profiles reveal details of key credit unions market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Canada credit unions market with five year forecasts by both value and volume

Macroeconomic indicators provide insight into general trends within the Canada economy

Key Questions Answered

What was the size of the Canada credit unions market by value in 2013?

What will be the size of the Canada credit unions market in 2018?

What factors are affecting the strength of competition in the Canada credit unions market?

How has the market performed over the last five years?

How large is Canada’s credit unions market in relation to its regional counterparts?

Table Of Contents

Credit Unions in Canada
TABLE OF CONTENTS

Executive Summary 2
Market value 2
Market value forecast 2
Market volume 2
Market volume forecast 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market volume 9
Market Segmentation 10
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Market volume forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 18
Degree of rivalry 19
Leading Companies 20
Coast Capital Savings 20
Meridian Credit Union 23
Servus Credit Union 26
Vancouver City Savings Credit Union 27
Macroeconomic Indicators 28
Country Data 28
Appendix 30
Methodology 30
Industry associations 31
Related MarketLine research 31

LIST OF TABLES

Table 1: Canada credit unions sector value: $ billion, 2009-13 8
Table 2: Canada credit unions sector volume: thousand members, 2009-13 9
Table 3: Canada credit unions sector geography segmentation: $ billion, 2013 10
Table 4: Canada credit unions sector value forecast: $ billion, 2013-18 11
Table 5: Canada credit unions sector volume forecast: thousand members, 2013-18 12
Table 6: Coast Capital Savings: key facts 20
Table 7: Coast Capital Savings: key financials ($) 20
Table 8: Coast Capital Savings: key financials (C$) 21
Table 9: Coast Capital Savings: key financial ratios 21
Table 10: Meridian Credit Union: key facts 23
Table 11: Meridian Credit Union: key financials ($) 23
Table 12: Meridian Credit Union: key financials (C$) 24
Table 13: Meridian Credit Union: key financial ratios 24
Table 14: Servus Credit Union: key facts 26
Table 15: Vancouver City Savings Credit Union: key facts 27
Table 16: Canada size of population (million), 2009-13 28
Table 17: Canada gdp (constant 2000 prices, $ billion), 2009-13 28
Table 18: Canada gdp (current prices, $ billion), 2009-13 28
Table 19: Canada inflation, 2009-13 29
Table 20: Canada consumer price index (absolute), 2009-13 29
Table 21: Canada exchange rate, 2009-13 29

LIST OF FIGURES

Figure 1: Canada credit unions sector value: $ billion, 2009-13 8
Figure 2: Canada credit unions sector volume: thousand members, 2009-13 9
Figure 3: Canada credit unions sector geography segmentation: % share, by value, 2013 10
Figure 4: Canada credit unions sector value forecast: $ billion, 2013-18 11
Figure 5: Canada credit unions sector volume forecast: thousand members, 2013-18 12
Figure 6: Forces driving competition in the credit unions sector in Canada, 2013 13
Figure 7: Drivers of buyer power in the credit unions sector in Canada, 2013 14
Figure 8: Drivers of supplier power in the credit unions sector in Canada, 2013 15
Figure 9: Factors influencing the likelihood of new entrants in the credit unions sector in Canada, 2013 16
Figure 10: Factors influencing the threat of substitutes in the credit unions sector in Canada, 2013 18
Figure 11: Drivers of degree of rivalry in the credit unions sector in Canada, 2013 19
Figure 12: Coast Capital Savings: revenues and profitability 21
Figure 13: Coast Capital Savings: assets and liabilities 22
Figure 14: Meridian Credit Union: revenues and profitability 24
Figure 15: Meridian Credit Union: assets and liabilities 25

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