The value of loans granted by credit unions in the United States grew steadily between 2013 and 2024. As of 2024, the total loans outstanding amounted to 1.65 trillion U.S. dollars, an increase of 50 billion U.S. dollars compared to 2023.

Concept: Total of branches, headquarters, banking service outposts (PA), electronic service outposts (PAE) and correspondents from the banking segment, credit unions, credit, finance and investment companies (SCFIs) and microentrepreneur and small business credit companies (SCMEPPs) in the region, divided by the region's adult population estimation for the year, calculated by IBGE, and multiplied by ten thousand Source: Central Bank of Brazil - Department of Financial Education 25034-total-of-service-points-from-the-banking-segment-credit-unionsscfis-and-scmepps-in-the-south- 25034-total-of-service-points-from-the-banking-segment-credit-unionsscfis-and-scmepps-in-the-south-

While the total number of credit unions in the United States declined from 2016 to 2024, the number of credit unions managing assets over one billion U.S. dollars grew. In 2016, there were 272 such credit unions, rising to 445 by the end of 2024. What is a credit union? Credit unions are member-owned and operated institutions that perform many of the same functions as banks. In recent years, their total asset value has grown steadily, making them a notable part of the country’s banking sector. However, their relatively small size presents two key disadvantages related to economies of scale: limited investment funds and fewer legal resources. Unlike major commercial banks with dedicated legal divisions, credit unions must navigate complex regulations with much smaller teams. Economies of scope While economies of scale often pose challenges for credit unions, economies of scope work to their advantage. Being rooted in smaller communities allows them to tailor products and services to local needs, fostering strong member loyalty and keeping millions of people banking with them.

The membership of federally insured credit unions in the United States grew consistently from 2013 to 2024. By the fourth quarter of 2024, approximately 142.3 million people were credit union members, an increase of three million since the end of 2023.

The Community Credit research project explores pathways for trusted collaboration between credit unions and the communities they serve. To understand the experiences of people historically underserved by the consumer financial services industry, we focused in particular on the lived experience of low-income residents in Southern California. As part of a larger, mixed-methods study, in 2022 we conducted an online survey investigating people’s everyday financial practices, evolving perceptions of trust and risk, and their unmet financial needs. The general population survey data was collected between April 15 and April 22, 2022. The credit union data was collected between May 3 and July 18, 2022. This data set contains the responses of the survey participants after excluding any personally identifying data. All study materials and procedures were approved by the University of California, Irvine Office of Human Research Protections and the Institutional Review Board (protocol ID 20216839)...., Survey data was collected via the Qualtrics platform. The survey contains 52 questions. It was distributed to the general population in zip codes within the counties of Los Angeles and Orange. It was also distributed directly to members of a large credit union headquartered in Orange County (“large†according to NCUA asset classes). Participants were eligible to complete the survey if they live in Orange County or Los Angeles County, are older than 18, and have a combined household income of less than $100,000. Incomplete responses have been removed. The survey yielded 1,370 complete responses (1,213 from the general population participants and 157 from members of the large credit union)., Note that the files do not contain all the responses from the survey questions. Responses that provided potentially identifying information were removed. Survey participants’ gender, education status, employment status, and marital status were removed; data on these elements are provided in aggregate in the readme file. Responses are segmented into two files reflecting participants from the general population (“Gen Pop†) and from the credit union (“CU†).

Concept: Total of correspondents from the banking segment, credit unions, credit, finance and investment companies (SCFIs) and microentrepreneur and small business credit companies (SCMEPPs), divided by the country's adult population estimation for the year, calculated by IBGE, and multiplied by ten thousand

In 2021, about 13 percent of rural and urban population in Indonesia claimed to have borrowed money from financial institutions. The same survey also stated that 52 percent of individuals Indonesia owned an account at a bank or a regulated institution like a credit union, a microfinance institution, or a provider that offers mobile money services.

Concept: Total of branches from the banking segment, credit unions, credit, finance and investment companies (SCFIs) and microentrepreneur and small business credit companies (SCMEPPs), divided by the country's adult population estimation for the year, calculated by IBGE, and multiplied by ten thousand

In 2021, 51 percent of respondents in Indonesia owned an account at a financial institution. The same survey also stated that 76 percent of individuals worldwide owned an account at a bank or a regulated institution like a credit union, a microfinance institution, or a provider that offers mobile money services.

Concept: Total of headquarters from the banking segment, credit unions, credit, finance and investment companies (SCFIs) and microentrepreneur and small business credit companies (SCMEPPs), divided by the country's adult population estimation for the year, calculated by IBGE, and multiplied by ten thousand

Concept: Total of branches, headquarters, banking service outposts (PA), electronic service outposts (PAE) and correspondents from the banking segment, credit unions, credit, finance and investment companies (SCFIs) and microentrepreneur and small business credit companies (SCMEPPs), divided by the country's adult population estimation for the year, calculated by IBGE, and multiplied by ten thousand

The Brazilian home equity market, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 5%, presents a robust investment opportunity. Driven by increasing homeownership rates, rising disposable incomes, and a growing middle class seeking financial leverage, the market is projected for significant expansion. The market is segmented by loan type (fixed-rate loans and home equity lines of credit – HELOCs) and service provider (banks, online lenders, credit unions, and others). Banks like Banco Santander (Brasil) SA, Banco Bradesco, and Itaú Unibanco Holding SA currently dominate the landscape, but the emergence of fintech companies like Creditas and Nubank signifies a shift toward digital solutions and increased competition. This competition is fostering innovation, leading to more accessible and convenient home equity products. While regulatory hurdles and economic volatility pose potential restraints, the overall positive economic outlook and increasing financial literacy within the Brazilian population are expected to mitigate these challenges. The relatively underdeveloped HELOC market presents significant untapped potential for growth, as consumers become more familiar with this type of financing. Expansion into less-penetrated regions, coupled with targeted marketing strategies, will be crucial for players aiming to capitalize on this market's potential. The forecast period (2025-2033) anticipates substantial growth, with fixed-rate loans maintaining a dominant share due to their predictability and stability. However, the HELOC segment is poised for accelerated growth, fueled by the increasing demand for flexible financing options. The competitive landscape will continue to evolve, with established banks strategically investing in technology and digital platforms to maintain their market share, while fintechs leverage their agility and innovative product offerings to disrupt the traditional lending model. Geographical expansion, particularly within less-developed regions of Brazil, offers lucrative opportunities for both established and emerging players. Furthermore, the market will likely see the emergence of more specialized products catering to niche segments, reflecting a growing understanding of diverse consumer needs. This includes the possibility of tailored products aimed at specific income levels or demographic groups. This in-depth report provides a comprehensive analysis of the Brazilian home equity market, covering the period from 2019 to 2033. It delves into market size, growth drivers, challenges, and future trends, offering valuable insights for investors, lenders, and industry stakeholders seeking to navigate this dynamic sector. The report leverages extensive data analysis, incorporating key developments and forecasts to paint a clear picture of the Brazilian mortgage market's potential. Note: While I can't provide actual market figures or create a functioning hyperlink without access to real-time data and specific company websites, I can structure the report description using your provided information and keywords to maximize SEO. Remember to replace the placeholder values with your actual market data. Recent developments include: April 2021- FinanZero, a Brazilian online credit marketplace, announced the completion of a $7 million round of investment, the company's fourth since its inception in 2016. To now, it has raised a total of $22.85 million. People may use the real-time online loan broker to apply for a personal loan, a vehicle equity loan, or a home equity loan for free and get an answer in minutes. FinanZero's success is due in part to the fact that it does not provide loans but rather partners with roughly 51 banks and fintechs to support them., Nov 2020 - CrediHome, a Brazilian digital real estate finance platform, has received central bank clearance to start originating its own credit. The fintech company is now attempting to enter the country's consolidated mortgage market with offerings that threaten more established methods. Its financing procedure incorporates a mechanism known as property scoring. It enables its customers to lend to clients who may be turned down by larger banks. Even if Brazil's record low interest rates rise next year and beyond, the framework has been prepared for the country's real estate and mortgage markets to become more expansive and active.. Notable trends are: Brazil's Real Estate Boom During the Pandemic.

Employment in the financial services sector in the United Kingdom fell between 2001 and 2021. The total number of people employed in this sector amounted to approximately 1.1 million in 2021, a figure that is unchanged since 2009. This was a decrease compared to pre-global recession figures, when on the British market there were 1.2 million people employed in all subsectors of financial services. These figures have decreased as a result of the crisis and closure of bank branches across the country.

The closing of bank branches

The increasing usage of online banking has resulted in a large number of bank branch closures in the United Kingdom. Many banks have seen dramatic declines in their number of branches in the last few years. The branch closures have become a way for the banks of decreasing expenditure as profit margins become tighter.

Financial service sector

Financial services, which include banks, credit unions, credit-card companies, accountancy firms, insurance companies as well as financial service companies are an integral part of any economy. The banking sector assets as percentage of gross domestic product (GDP) was approximately 378 percent in 2019.

Concept: Total of ATMs from the banking segment, credit unions, credit, finance and investment companies (SCFIs) and microentrepreneur and small business credit companies (SCMEPPs), divided by the country's adult population estimation for the year, calculated by IBGE, and multiplied by ten thousand

Concept: Total of banking service outposts (PA) from the banking segment, credit unions, credit, finance and investment companies (SCFIs) and microentrepreneur and small business credit companies (SCMEPPs), divided by the country's adult population estimation for the year, calculated by IBGE, and multiplied by ten thousand

The total number of individuals employed at banks across the European Union member states dropped significantly during the period between 2008 and 2023, despite a slight increase in 2023. Overall, as of the end of 2023, there were approximately 1.77 million individuals working at banks across Europe.

Concept: Total of electronic service outposts (PAE) from the banking segment, credit unions, credit, finance and investment companies (SCFIs) and microentrepreneur and small business credit companies (SCMEPPs), divided by the country's adult population estimation for the year, calculated by IBGE, and multiplied by ten thousand

According to Cognitive Market Research, the global Pawn Shop market size will be USD 39512.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.50% from 2024 to 2031.

North America was the major market, accounting for more than 38% of global revenue and having a market size of USD 15804.88 million in 2024. It will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 4,386.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 9087.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD 1975.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
The Middle East and Africa held the major markets, accounting for around 2% of the global revenue. The market was USD 790.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
The jewelry & accessories held the highest pawn shop market revenue share in 2024.

Key Drivers of Pawn Shop Market

Economic Conditions to Increase the Demand Globally

Global economic conditions characterized by recessions or financial instability tend to increase the demand for pawn shop services worldwide. During periods of economic downturns, individuals facing financial hardship may struggle to access traditional sources of credit, such as banks or credit unions. As a result, they turn to pawn shops as a reliable alternative to obtain quick cash loans by using personal property as collateral. Moreover, high unemployment rates and stagnant wage growth can exacerbate financial difficulties for many people, leading them to seek short-term financial solutions offered by pawnbrokers.

Additionally, economic uncertainty can prompt consumers to prioritize essential expenses, making pawn shop loans an attractive option for meeting immediate financial needs without sacrificing valuable assets. Consequently, in such economic environments, the demand for pawn shop services tends to surge globally as individuals seek financial stability amidst challenging economic conditions.

Consumer Behavior to Propel Market Growth

Consumer behavior plays a pivotal role in propelling market growth within the pawnshop industry. Shifts in consumer preferences towards thriftiness, sustainability, and value-oriented spending contribute significantly to the expanding market. With a growing awareness of environmental sustainability and a desire to reduce waste, consumers increasingly turn to pawn shops as a source of pre-owned goods, thereby driving sales. Additionally, the increasing acceptance of secondhand items as viable alternatives to new purchases fuels demand for pawn shop merchandise. Moreover, as consumers become more budget-conscious and seek cost-effective options, pawn shops offer attractive deals on a wide range of items, including electronics, jewelry, and collectibles.

Furthermore, the convenience and accessibility of pawn shop services appeal to consumers seeking quick cash loans without the stringent requirements of traditional lenders. Overall, consumer behavior favoring thriftiness, sustainability, and value-driven spending propels market growth within the pawn shop industry, driving both sales of pre-owned goods and demand for pawn shop loans.

Restraint Factors of Pawn Shop Market

Social Stigma to Limit the Sales

The social stigma surrounding pawn shops can significantly limit sales within the industry. Despite their role in providing financial services to underserved communities, pawn shops often face negative perceptions associated with pawnbroking, such as exploitation or predatory lending practices. These perceptions can deter potential customers from patronizing pawn shops, impacting sales of both merchandise and pawn loans. Individuals may avoid pawn shops due to concerns about stigma or embarrassment associated with pawning personal belongings or seeking financial assistance. Additionally, the negative portrayal of pawn shops in popular culture and media can further perpetuate social stigma, reinforcing stereotypes and misconceptions.

As a result, pawn shops may need help attracting a broader customer base and may...

Key information about European Union Household Debt: % of GDP

• European Union household debt accounted for 44.1 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 44.4 % in the previous quarter.
• EU household debt to GDP ratio is updated quarterly, available from Sep 1997 to Dec 2024.
• The data reached an all-time high of 54.2 % in Jun 2010 and a record low of 38.9 % in Sep 1997.

• In the latest reports, EU Household Debt reached 6,956.2 USD bn in Jan 2025.
• Money Supply M2 in EU increased 3.3 % YoY in Jan 2025.
• EU Foreign Exchange Reserves was measured at 297.5 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 1.4 Months of Import in Dec 2024.
• EU Domestic Credit reached 25,135.4 USD bn in Dec 2024, representing an increased of 2.7 % YoY.