MADISON, Wis. — Credit union membership on planet Earth has reached an all-time high of 177 million, according to World Council of Credit Union's 2007 statistical report.
"This marks not only the most members, but also the highest amount of assets, savings, loans and reserves that we've ever measured," said Dave Grace, WOCCU's vice president of strategic services.
The report charts the number of credit unions, members served, market penetration, savings, loans, assets and reserves. The most robust growth of 2007 was on the African continent, boosted by active WOCCU programs in Kenya, Malawi, Rwanda and Cameroon. Rwanda, which has a 60-year history of intermittent war, is experiencing a period of rebuilding and economic growth and produced 41% asset growth last year.
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