Credit Union Movement Approaching 400-million Members Worldwide

Friday 26 January 2024

The World Council of Credit Unions have published its annual statistical report for the global credit union movement. The report shows continued year-to-year growth in overall membership and total assets for worldwide, with a total of  393,871,631 members of 87,914 credit unions worth $3.48 trillion in assets across 118 countries.

“Despite the COVID-19 pandemic continuing to impact credit unions across the globe in 2021, they still managed to increase membership by 5% and grow assets by 9%,” said Elissa McCarter LaBorde, WOCCU President and CEO. “For WOCCU to ensure that type of growth continues, and credit unions are able to reach even more underserved populations, we need to gather more specific data from national credit union associations than ever before. While some data sets in this report are more complete than others, this is just the first step in our plan to offer a continuously clearer picture of the challenges and opportunities credit unions face in each region of the world.”

The 2021 Statistical Report also features gender and age data on credit union members and executives, a breakdown of loan portfolios and insurance offerings, as well as information about access to correspondent banking and deposit insurance guarantees.

You can view the full 2021 Statistical Report here.