Total savings for responding credit unions reached more than$1.1 trillion, according to World Council of Credit Unions' newlyreleased 2009 Statistical Report. That's the highest level sinceWOCCU first began conducting the survey in 1972, and representsnearly a 15% increase from 2008.

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Loans were another indicator demonstrating strong growth overthe previous year, climbing to nearly $912 billion from $847billion in 2008. This sizeable increase is further accentuated incontrast to a slight decrease in loans globally between 2007 and2008.

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In recent years, credit unions worldwide have seen notablegrowth in assets, membership, savings and other indicators.Cumulative assets reached nearly $1.4 trillion in 2009, up from$1.2 trillion in 2008, and reserves reached nearly $120 billion in2009, up from slightly more than $115 billion in 2008.

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Annual survey respondents represented 97 countries worldwide,and reported that 49,330 credit unions served nearly 184 millionmembers in 2008.

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WOCCU has collected annual statistics on the internationalcredit union movement for the past 37 years to produce its annualStatistical Report, and data is based solely on the number ofcountries responding to the survey. The only source for such dataon the global credit union movement, it is widely cited bygovernments, international institutions and analysts.

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To download a free copy of the report, visitwww.woccu.org/publications.

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