The global credit union movement grew by an additional 10 million members in 2014, according to countries that responded to World Council of Credit Unions' annual Statistical Report survey.
As of December 31, 2014, 57,480 credit unions in 105 countries worldwide served more than 217 million people, the Madison, Wis.-based trade association reported this week. Those figures are up from 57,000 credit unions in 103 countries serving 208 million people in 2013. Albania and the Netherlands were new countries responding to the survey this year.
The data indicates an 8.2% global credit union penetration, up from 8.06% in 2013. The 2014 figures also show a $1.7 trillion in aggregate savings and shares, and $1.2 trillion in loans, up from $1.4 trillion and $1.1 trillion, respectively.
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