World Council of Credit Unions' recently released 2008 Statistical Report reveals an increase in credit unions and members served, with 53,689 credit unions reporting nearly 186 million members. In 2007, 49,134 responding credit unions served roughly 177 million members.
First-time respondents Ethiopia and Haiti helped drive credit union and member growth in Africa and the Caribbean. Other areas of the world showed modest growth or slight declines.
Global credit union assets totaled US$1.19 trillion, up from 2007′s total of US$1.18 trillion. Savings reached US$995.7 billion, also an increase from last year's US$987.9 billion. Loans worldwide dipped slightly to $847 billion, from US$847.9 billion in 2007.
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