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Czech Republic CUs membership grows to 44000
CZECH REPUBLIC (12/9/09)--The number of Czech Republic credit union members grew by 8,000 to 44,000 in the first three quarters of 2009, according to recently released statistics. Roughly 11,000 joined credit unions, while 3,000 ended their memberships, according to Czech National Bank statistics (CTK Business News Dec. 4). Assets of 17 credit unions in the country also rose to roughly $95.7 million from $37.5 million. Deposits at the credit unions have grown steadily since 2002. “Credit unions are now a legitimate and firm part of the Czech financial market,” the newspaper added.


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