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CU Savings Top $1 Trillion

Total savings for responding credit unions reached more than $1.1 trillion, according to World Council of Credit Unions' newly released 2009 Statistical Report. That's the highest level since WOCCU first began conducting the survey in 1972.

Total savings for responding credit unions reached more than $1.1 trillion, according to World Council of Credit Unions’ newly released 2009 Statistical Report. That’s the highest level since WOCCU first began conducting the survey in 1972, and represents nearly a 15% increase from 2008.

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

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Peter Westerman

 

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