Canadian credit unions continue to strengthen financially, posting another quarter of solid balance sheet growth. Growth in each of the main financial categories – assets, savings/deposits and loans – has been consistently strong over the last few years. In addition to these solid financial gains, the system has surpassed the 5 million mark in membership this quarter.
The affiliated Canadian credit union /caisse populaire system is in arms reach of the $100 billion milestone in assets. The system ended the first half of 2007 with just under $99.5 billion in assets, representing a gain of 9.6 per cent over second quarter 2006. This is a 44 per cent increase or $30 billion gain over the last five years. For the full report, click here.