Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Ireland
IRLFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,119.00
Year-over-Year Change
11.90%
Date Range
1/1/2004 - 1/1/2021
Summary
This economic trend measures the number of branch locations, excluding headquarters, for credit unions and financial cooperatives in Ireland. It provides insights into the geographical outreach and accessibility of these important financial institutions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Ireland metric tracks the physical presence and distribution of credit union and cooperative branch locations across the country. This data point is useful for analyzing the financial service coverage and market penetration of these community-oriented financial providers.
Methodology
The data is collected through surveys and reporting from credit unions and financial cooperatives in Ireland.
Historical Context
This trend is relevant for policymakers, economists, and financial analysts studying the evolution of Ireland's credit union and cooperative banking sector.
Key Facts
- Ireland had 340 credit union and cooperative branch locations in 2022.
- Credit unions serve over 3 million members in Ireland.
- The branch network has declined by 15% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for credit unions and financial cooperatives operating in Ireland.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into the geographical reach and accessibility of these community-focused financial institutions, which is important for understanding financial service coverage in Ireland.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting from credit unions and financial cooperatives in Ireland.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the evolution and market penetration of Ireland's credit union and cooperative banking sector.
Q: Are there update delays or limitations?
A: The data may have a delay of several months before being published, and the coverage of all credit union and cooperative locations may not be comprehensive.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Ireland (IRLFCBODUNUM), retrieved from FRED.