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Credit Unions in Quebec

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS QC52213CA

Credit Unions in Quebec industry analysis

Revenue for the Credit Unions industry in Quebec is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xxx locations over the past five years. Industry employment has decreased an annualized -x.x% to x,xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x billion.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x billion, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to decline -x.x% to xxx locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to x,xxx workers during the outlook period, while industry wages likely increase % to $x.x billion.

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About the Credit Unions in Quebec Market Research Report

What’s Included in the Credit Unions in Quebec Market Research Report

Definition of the Credit Unions in Quebec?

The Credit Unions industry in Canada 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.

What’s included in the Credit Unions in Quebec?

The Credit Unions in Quebec includes accepting members' share deposits and offering members consumer loans. Related terms covered in the Credit Unions in Quebec industry report includes a loan financing the purchase of real estate with specified payment periods and a fixed or variable interest rate, a member-owned financial institution similar to a credit union, an amount set aside as an allowance for bad debts, which are debts where the customer defaults or where the terms of the loan need to be renegotiated, the social connection among the members of credit unions and cooperative banks, reducing debt levels, issues of economic inequality. some examples are those that are below the low-income cutoff, receive government payments, are unemployed and single-parent families and populations that structurally need a greater deal of social or economic support. some examples are seniors, children and those that are no longer in the workforce.

Industry Performance of the Credit Unions industry in Quebec

Benchmark the Credit Unions in Quebec industry performance with all QC Census Metropolitan Area and national performance.

Credit Unions in Quebec

#1 in Highest Revenue 28.4% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Credit Unions in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Credit Unions industry in Quebec

See how key industry drivers, such as median houshold income, gross domestic product, private investment in non-residential construction, overnight rate, housing starts and new vehicle sales are impacting Credit Unions in Quebec

Quebec Economic Indicators

Median Houshold Income
Gross Domestic Product
Private Investment in Non-Residential Construction

View more economic information in QC State Economic profile

Canada Key External Drivers

Overnight rate
Housing starts
New vehicle sales

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Credit Unions industry in Quebec

Access proprietary data on Census Metropolitan Area in the Credit Unions in Quebec, such as Montréal, Québec and Saguenay. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Credit Unions industry in Quebec

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Credit Unions industry in Quebec in 2025?

The market size of the Credit Unions industry in Quebec is $8.5bn in 2025.

How many businesses are there in the Credit Unions industry in Quebec in 2025?

There are 487 businesses in the Credit Unions industry in Quebec, which has been declining at an average annual rate of -3.2% from 2020 to 2025.

Has the Credit Unions industry in Quebec grown or declined over the past 5 years?

The market size of the Credit Unions industry in Quebec has been growing at an average annual rate of 0.5% from 2020 to 2025.

How many employees in the Credit Unions industry in Quebec in 2025?

There are 16,549 employees in the Credit Unions industry in Quebec, which has been declining at an average annual rate of -1.1% from 2020 to 2025.