Credit Unions in Canada - Industry Market Research Report

Credit Unions in Canada

The low interest environment has continued to challenge the Credit Unions industry in Canada. Additionally, sluggish GDP growth and record levels of household debt have had a negative effect on business conditions in Canada. The low point for the industry was in 2016, as the Bank of Canada lowered the overnight rate in a bid to stimulate the economy in the immediate aftermath of several commodity price collapses. However, conditions have turned around since then. This industry has consolidated significantly over the past decade. Tough external competition in the form of commercial banks (IBISWorld report 52211CA) and economies of scale have pushed operators to merge to compete with banks and other competitors. Over the five years to 2024, industry revenue is expected to grow. While housing starts are anticipated to experience abated growth, rising new vehicle sales and consumer spending are expected to positively affect revenue.

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

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2019)
    • Table Industry Structure
  • Industry Performance
    • Table Overnight rate
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table Products and services segmentation (2019)
    • Table Major market segmentation (2019)
    • Table Business Locations 2019
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
    • Table Major Players
    • Table Desjardins Group (industry-relevant operations) - financial performance*
    • Table Vancouver City Savings Credit Union (industry-relevant operations) - financial performance*
  • Operating Conditions
    • Table Capital Intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
  • Jargon & Glossary

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