There were 13 Ukrainian Credit Unions in Canada located in five provinces, including Quebec, Ontario, Manitoba, Saskatchewan, and Alberta. This number remained unchanged from 2003. Their total assets were $1.1 billion and represent an increase of 7.5% from the previous year. Total membership increased by 3.1% to 71,392 averaging $15,461 assets per member. This has been the largest memberships increase since 1999, when membership increased by 4.5%. Combined, Ukrainian Credit Unions returned just under $2 million in dividends and patronage payments to its members or 34% of their net income before taxes. Since, Ukrainian Credit unions began making tax efficient patronage payments, they have returned over $16.4 million to their members, an average of over $2 million a year. In 2004, Ukrainian Credit Unions were very well capitalized with a capital to assets ratio of 7.27%.