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Credit Unions in Ireland

  • May 2014
  • -
  • MarketLine
  • -
  • 25 pages

Introduction

Credit Unions in Ireland 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 Ireland 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 Irish credit unions sector had total assets of $18.5bn in 2013, representing a compound annual rate of change (CARC) of -0.9% between 2009 and 2013.

*The number of members increased with a CAGR of 2.2% between 2009 and 2013, to reach a total of 3,228.8 thousand members in 2013.

*The performance of the sector is forecast to return to growth, with an anticipated CAGR of 2.5% for the five-year period 2013 - 2018, which is expected to drive the sector to a value of $20.9bn 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 Ireland

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

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 Ireland credit unions market with five year forecasts by both value and volume

Macroeconomic indicators provide insight into general trends within the Ireland economy

Key Questions Answered

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

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

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

How has the market performed over the last five years?

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

Table Of Contents

Credit Unions in Ireland
TABLE OF CONTENTS

Executive Summary 2
Market value 2
Market value forecast 2
Market volume 2
Market volume forecast 2
Market rivalry 2
Market Overview 6
Market definition 6
Market analysis 6
Market Data 7
Market value 7
Market volume 8
Market Outlook 9
Market value forecast 9
Market volume forecast 10
Five Forces Analysis 11
Summary 11
Buyer power 12
Supplier power 13
New entrants 14
Threat of substitutes 16
Degree of rivalry 17
Leading Companies 18
Carlow District Credit Union Ltd 18
Health Services Staffs Credit Union 19
St. Raphael's Garda Credit Union Limited 20
Macroeconomic Indicators 21
Country Data 21
Appendix 23
Methodology 23
Industry associations 24
Related MarketLine research 24

LIST OF TABLES

Table 1: Ireland credit unions sector value: $ billion, 2009-13 7
Table 2: Ireland credit unions sector volume: thousand members, 2009-13 8
Table 3: Ireland credit unions sector value forecast: $ billion, 2013-18 9
Table 4: Ireland credit unions sector volume forecast: thousand members, 2013-18 10
Table 5: Carlow District Credit Union Ltd: key facts 18
Table 6: Health Services Staffs Credit Union: key facts 19
Table 7: St. Raphael's Garda Credit Union Limited: key facts 20
Table 8: Ireland size of population (million), 2009-13 21
Table 9: Ireland gdp (constant 2000 prices, $ billion), 2009-13 21
Table 10: Ireland gdp (current prices, $ billion), 2009-13 21
Table 11: Ireland inflation, 2009-13 22
Table 12: Ireland consumer price index (absolute), 2009-13 22
Table 13: Ireland exchange rate, 2009-13 22

LIST OF FIGURES

Figure 1: Ireland credit unions sector value: $ billion, 2009-13 7
Figure 2: Ireland credit unions sector volume: thousand members, 2009-13 8
Figure 3: Ireland credit unions sector value forecast: $ billion, 2013-18 9
Figure 4: Ireland credit unions sector volume forecast: thousand members, 2013-18 10
Figure 5: Forces driving competition in the credit unions sector in Ireland, 2013 11
Figure 6: Drivers of buyer power in the credit unions sector in Ireland, 2013 12
Figure 7: Drivers of supplier power in the credit unions sector in Ireland, 2013 13
Figure 8: Factors influencing the likelihood of new entrants in the credit unions sector in Ireland, 2013 14
Figure 9: Factors influencing the threat of substitutes in the credit unions sector in Ireland, 2013 16
Figure 10: Drivers of degree of rivalry in the credit unions sector in Ireland, 2013 17

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