Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
New report Co-op membership hits 1B worldwide
MADISON, Wis. (3/29/12)--Roughly one billion people in 96 countries belong to cooperatives, with credit unions constituting the second-largest segment, according to a new report from Worldwatch Institute.

Also, 99% of cooperative businesses primarily operate within seven economic sectors (2012intlsummit.coop March 28).

Those sectors, including their annual revenue (in U.S. dollars) and percentage share of all cooperatives worldwide are:

  • Agriculture/Forestry, $472 billion, 29%;
  • Cooperative Banking/Credit Unions, $430 billion, 26%;
  • Consumer/Retail, $354 billion, 22%;
  • Insurance, $282 billion, 17%;
  • Workers/Industrial, $35 billion, 2%;
  • Health, $27 billion, 2%;
  • Utilities, $18 billion, 1%; and
  • Other, $17 billion, 1%.
The one billion members of cooperatives worldwide exceed the 893 million direct and indirect shareholders of corporations, the report noted.  Also, 13.8% of the world's population is a member of at least one cooperative, compared with 5% who are direct shareholders.

Credit union branches comprise 23% of financial institutions worldwide and serve 870 million people, making credit unions the second-largest financial services network in the world, the report noted. 

For a free copy of the report, contact Supria Kumar at skumar@worldwatch.org.
Other Resources

RSS





print
News Now LiveWire
Middle-class families walking a tightrope with little savings @pewresearch HT @CNNMoney http://t.co/Pfu2KHASZa
14 hours ago
.@CUNA's @SchenkMike on @federalreserve meeting: http://t.co/Ry39vjWdA1
14 hours ago
#creditunion cites prize-linked savings success in @WSJ http://t.co/3CXupUMx5d
17 hours ago
.@CFPB proposes mtg rule changes 2 facilitate responsible lending by small creditors, esp. in rural/underserved areas.http://t.co/sn6PnlS0EB
18 hours ago
#NewsNow Apple Pay interest booming at CUs, Western Union joins http://t.co/LsaoOYzAPx
20 hours ago