Digitization is top priority for global credit union movement

Despite year-to-year growth in overall membership and total assets for the global credit union movement, World Council of Credit Unions’ (WOCCU) 2021 Statistical Report shows major gaps in key product and service offerings have resulted in different priorities and risk concerns for credit unions in different parts of the world.

As of December 31, 2021, there were a total of 393,871,631 members of 87,914 credit unions worth $3.48 trillion in assets across 118 countries.

Along with providing statistics on members, assets, savings and loans, the 2021 Statistical Report also features first-time data sets on credit union:

  • Strategic priorities.
  • Risk Concerns.

 

continue reading »

More News