Data from the WOCCU Statistical Report 2024 highlights the global performance of credit unions (SACCOs), with the United States leading by a vast margin
The U.S. recorded $2,330.40 billion in assets, $1,663.55 billion in loans, $1,979.16 billion in savings, and over 143 million members
Canada follows in second place with $487.32 billion in assets, followed by India ($229.20 billion), Japan ($177.65 billion), and Brazil ($129.96 billion)
Kenya ranks 13th globally, standing out as a notable African representative with $8.34 billion in total assets
enyan SACCOs issued $5.83 billion in loans, accumulated $5.81 billion in savings and shares, and served approximately 3.8 million active members
Kenya outperforms countries like Costa Rica ($7.17 billion in assets) and El Salvador ($5.57 billion), positioning it closely behind the Philippines ($9.11 billion)
Overall, the metrics underscore the significant scale of cooperative financial institutions in driving global financial inclusion
