Future opportunities

Future Opportunities & Challenges for Credit

Unions

James Berry, CEOBristol Credit Union

Credit Unions – Future Opportunities & Challenges

The world is our oyster?

Credit Unions – Future Opportunities & Challenges

Topics

Where are we now?There are challenges ahead……but opportunities tooWhat can we do?

Credit Unions – Future Opportunities & Challenges

Where are we now?

Credit Unions – Future Opportunities & Challenges

Membership growth…

Credit Union Membership

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

1,000,000

2007 2011

Credit Unions – Future Opportunities & Challenges

Extending product range…

Credit Unions – Future Opportunities & Challenges

Fewer, larger CUs…

No. of Credit Unions & Members per CU

1198

2133

0

100

200

300

400

500

600

700

800

2006 2008 2010 2012

Credit Unions – Future Opportunities & Challenges

Penetration still low…

Membership Penetration

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

2007 2011

Credit Unions – Future Opportunities & Challenges

Operational challenges…

Credit Unions – Future Opportunities & Challenges

Challenges

Credit Unions – Future Opportunities & Challenges

The economy, stupid…

Credit Unions – Future Opportunities & Challenges

Regulatory changes…

Credit Unions – Future Opportunities & Challenges

Positioning in the market…

Credit Unions – Future Opportunities & Challenges

Opportunities

Credit Unions – Future Opportunities & Challenges

People love banks…

Credit Unions – Future Opportunities & Challenges

Technology…

Credit Unions – Future Opportunities & Challenges

Small businesses…

Credit Unions – Future Opportunities & Challenges

What can we do?

Credit Unions – Future Opportunities & Challenges

Focus…

Credit Unions – Future Opportunities & Challenges

Credit Unions – Future Opportunities & Challenges

Credit Unions – Future Opportunities & Challenges

www.bristolcreditunion.org

james@bristolcreditunion.org.uk

Thank you!