2014 Global Credit Union Statistical Report Available
Global membership rises by 10 million
MADISON, Wis. — World Council of Credit Unions has released its newest Statistical Report, which provides membership and financial data as of December 2014 from credit unions and financial cooperatives worldwide. This year’s report includes information from 57,480 credit unions serving over 217 million members in 105 countries.
The most notable global change since 2013 was in membership growth, which grew by nearly 10 million new members. Africa, Latin America and the Caribbean area were the fastest growing world regions in terms of credit union membership. Also in 2014, worldwide assets were reported at US$1.8 trillion; savings at US$1.5 trillion; loans at US$1.2 trillion and reserves at US$181 billion. New countries reporting 2014 data included Albania, Iran and the Netherlands.
“Membership growth is a priority for credit unions worldwide,” said Brian Branch, World Council president and CEO. “Our vision, as a global community, is to reach 260 million members by the year 2020.”
World Council reports data based on country responses to its annual survey and does not make estimates for non-reporting countries. The Statistical Report provides the most comprehensive data on the global credit union movement available and is cited widely by governments, international institutions and analysts as an expert resource.