MADISON, Wis. (7/16/13)--The World Council of Credit Unions has released its 2012 Statistical Report, which includes information from 55,952 credit unions serving more than 200 million members in 101 countries.
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The most notable global change since 2011 was in credit union reserves, which grew 15% in 2012, from $141.3 billion to $161.8 billion, said World Council. Also in 2012, global credit union lending reached $1.1 trillion; assets grew to $1.7 trillion; and savings and share volume was reported at $1.3 trillion.
Member penetration worldwide was 7.72%. New countries reporting 2012 data included Curacao, Fiji, Samoa, Micronesia and Timor Leste.
Kenya and the U.S. achieved notable growth in membership, while Brazil's credit unions reported a significant increase in assets in 2012, said the report.
The Kenya Union of Savings and Credit Co-operatives reached 25% membership growth among 5,000 credit unions, increasing to 4.7 million members from 4.2 million. The Credit Union National Association added 2.1 million members, the U.S.'s highest membership growth in decades. In Brazil, Confederacao Interestadual das Cooperativas Ligadas ao SICREDI reported over 20% asset growth in local currency among its member credit unions.
World Council reports data based on each country's responses to its annual survey and does not make estimates for non-reporting countries. The electronic-only report provides data on the global credit union movement available and is cited widely by governments, international institutions and analysts as an expert resource, World Council said.
To download the report, use the link.