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. 2020 May 18;71:101520. doi: 10.1016/j.irfa.2020.101520

Table 2.

Characteristics of credit unions by country.

The table displays characteristics of credit unions in 2017 by region. The penetration rate is calculated by dividing the total number of reported credit union members by the economically active population age 15–64 years old. Data source, World Council of Credit Unions, 2018.

Region (number of countries) # credit unions # members Savings
(US$ mil.)
Loans
(US$ mil.)
Assets
(US$ mil.)
Reserves
(US$ mil.)
Loans/assets
(%)
Reserves/assets
(%)
Penetration
(%)
Africa (27) 39,447 35,783,426 9596 8133 10,780 1060 75.4 9.83 13.80
Asia (27) 33,004 57,450,343 147,233 138,187 180,826 5773 76.4 3.19 4.34
Caribbean (17) 374 3,427,989 6273 4996 7662 774 65.2 10.10 65.2
Europe (17) 3491 9,103,706 24,095 11,648 32,959 4069 35.3 12.35 9.16
Latin America (17) 2891 35,807,657 59,840 54,212 90,864 17,210 59.7 18.94 14.57
North America (2) 6010 127,970,072 1,485,178 1,326,185 1,786,602 170,219 74.2 9.53 48.88
Oceania (13) 183 4,683,829 70,026 66,764 81,392 6424 82.0 7.89 3.85
Worldwide (120) 85,400 274,227,022 1,802,240 1,610,125 2191,086 205,527 73.5 9.38 9.38

Data is from the World Council of Credit Unions (Statistical Data, 2018).