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WOCCU's 2008 Report Shows Worldwide CU Growth

World Council of Credit Unions' 2008 Statistical Report reveals modest growth in both the number of credit unions and members served, with 53,689 credit unions reporting nearly 186 million members.

By Heather Anderson | Updated on July 21, 2009

World Council of Credit Unions’ 2008 Statistical Report reveals modest growth in both the number of credit unions and members served, with 53,689 credit unions reporting nearly 186 million members. That’s a 9% and 5% increase over 2007 numbers, respectively.

First-time respondents Ethiopia and Haiti helped drive credit union and member growth, but 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.

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