Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Global CU Statistical Report Features 101 Nations
MADISON, Wis. (7/16/13)--The World Council of Credit Unions has released its 2012 Statistical Report, which includes information from 55,952 credit unions serving more than 200 million members in 101 countries.
 
Click to view larger image Click for larger view
The most notable global change since 2011 was in credit union reserves, which grew 15% in 2012, from $141.3 billion to $161.8 billion, said World Council. Also in 2012, global credit union lending reached $1.1 trillion; assets grew to $1.7 trillion; and savings and share volume was reported at $1.3 trillion.
 
Member penetration worldwide was 7.72%. New countries reporting 2012 data included Curacao, Fiji, Samoa, Micronesia and Timor Leste.
 
Kenya and the U.S. achieved notable growth in membership, while Brazil's credit unions reported a significant increase in assets in 2012, said the report.

The Kenya Union of Savings and Credit Co-operatives reached 25% membership growth among 5,000 credit unions, increasing to 4.7 million members from 4.2 million. The Credit Union National Association added 2.1 million members, the U.S.'s highest membership growth in decades. In Brazil, Confederacao Interestadual das Cooperativas Ligadas ao SICREDI reported over 20% asset growth in local currency among its member credit unions.
 
World Council reports data based on each country's responses to its annual survey and does not make estimates for non-reporting countries. The electronic-only report provides data on the global credit union movement available and is cited widely by governments, international institutions and analysts as an expert resource, World Council said.
 
To download the report, use the link.
RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
2 hours ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
2 hours ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
3 hours ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
3 hours ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
6 hours ago