Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
WOCCU stats Global CU movement expanding
MADISON, Wis. (7/10/08)--Credit unions worldwide are expanding at a stable pace, with more members served in 2007 than in 2006, according to new statistics from the World Council of Credit Unions (WOCCU). Ninety-six countries reported that 49,134 credit unions served more than 177 million people worldwide in 2007, according to the just-released WOCCU 2007 Statistical Report, an annual survey.
Click to view larger image View the PDF version.
In 2006, roughly 46,377 credit unions served slightly more than 172 million members in 97 countries. Credit union assets around the globe grew by 8.2% over the previous year, totaling US$1.2 trillion in 2007. Credit unions managed more than $900 billion in savings. Africa led asset growth last year with a 37.3% increase. Capitalization levels, a measure of financial soundness, remained strong at 9.8% of total non-risk-adjusted assets in 2007--demonstrating that the international credit union movement is on solid financial footing, said WOCCU. Global membership in credit unions grew by 3.1% in 2007 compared with the previous year, with Africa again leading the growth curve with 15.1% growth. WOCCU has collected annual statistics on the international credit union movement for the past 35 years to produce its annual Statistical Report. To download a free copy of the current report, use the resource link.
Other Resources

RSS print
News Now LiveWire
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
12 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
15 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
15 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
16 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
17 hours ago