US Market
Credit unions play a vital role in enhancing economic development, promoting financial inclusion for underserved populations, supporting small businesses, and contributing to systemic resilience and financial stability.
They aren’t just financial institutions; they’re economic superheroes, putting people before profit and changing the rules of the financial game.
Across the globe, more than 411 million people in 104 countries belong to a credit union, collectively managing a jaw-dropping US$3.7 trillion in assets, all shaped by members for members.
In the contemporary global economy, issues of inequality, financial exclusion and systemic instability remain pressing. Credit unions represent a distinctive form of financial institution that is focused on member ownership, member participation and democratic governance rather than profit maximisation. Originating in 19th-century Europe, they have expanded globally to serve a diverse group of members.
A fundamental value proposition of credit unions is their role in extending financial services to underserved and marginalised groups. Credit unions’ emphasis on community ownership creates strong trust relationships that encourage responsible financial behaviour and facilitate asset accumulation.