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Tel: 020 7561 1786 (Multilingual advisors available)  •  Fax: 020 7272 8192  •  Email: info@credit-union.coop

Fri 18-Aug-2017
NewsGlobal credit union membership rises by 10 million!
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14 September 2015
Global credit union membership rises by 10 million!
The latest figures for the international credit union movement show that global membership has risen to over 217 million, an increase of approximately 10 million people in a year.

The latest report from the World Council of Credit Unions, which represents credit unions around the globe, shows that there are over 57,000 credit unions in 105 countries and that these credit unions have $1.5 trillion in savings and shares!

Martin Groombridge, Chief Executive of London Capital Credit Union, says: “Being a member of your local credit union means you are part of a huge worldwide family. The scale of the global credit union movement is truly mind-boggling and in countries like the USA and Canada over half the population are members of credit unions. In fact in Ireland, three quarters of people are credit union members.”

Although the credit union sector in this country is still quite small, it is growing rapidly thanks to the likes of London Capital Credit Union. According to the latest statistics from the Bank of England, there are now almost 1.6 million adult credit union members in the UK, up by almost 5% in a year.

Martin Groombridge adds: “Credit unions have existed around the world for many years and are a safe and affordable alternative to High Street banks and high cost lenders. Help us spread the word about credit unions and tell your friends and family about us – after all, over 200 million people can’t be wrong!”
 



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