Download the 2003 Ukrainian Credit Unions Report
There were 13 Ukrainian Credit Unions in Canada located in five provinces, including Quebec, Ontario, Manitoba, Saskatchewan, and Alberta. This number remained unchanged from 2002. Their total assets were $1.0 billion and represent an increase of 7.5% from the previous year. Total membership increased by 2.5% to 69,264 averaging $15,078 assets per member. In total, Ukrainian Credit Unions returned just over $2.4 million in dividends and patronage payments to their members or 31% of their net income before taxes. Ukrainian Credit Unions were very well capitalized with a capital to assets ratio of 7.35%.