Credit unions announce asset growth

In Brief

Saskatchewan credit unions grew assets by 3.9 percent to $22.4 billion in 2017.

The 44 credit unions returned more than $8.1 million to members in the form of patronage equity, contributions and dividends.

Total outstanding loans amounted to $18.2 billion last year.

Saskatchewan credit unions serve 50 percent of the market for loans and mortgages to small- and medium-size business.

About 476,000 people are listed as members and 96,000 more non-members conduct business with a Saskatchewan credit union, which equals slightly more than 49 percent of the provincial population.

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