There are now 8 Ukrainian Credit Unions in Canada located in four provinces, including Quebec, Ontario, Manitoba and Saskatchewan, soon to be only 7 because So-Use Credit Union has agreed to a merger with Ukrainian Credit Union effective October 31, 1010. The number was reduced by one from 2008 due to St. Mary’s Credit Union agreeing to merge with Buduchnist Credit Union. The total assets of the 8 credit unions were $1.49 billion an increase of 4.49% from the previous year. Total membership declined by 3.8% to 68,653. The average assets per member were $21,706 assets per member, an increase of 8.5% from the previous year. Combined, Ukrainian Credit Unions returned just over $2.15 million in dividends and patronage payments to its members or 26.4% of their net income before taxes. Since, Ukrainian Credit unions began making tax efficient patronage payments, they have returned over approximately $28 million to their members. In 2009, Ukrainian Credit Unions were very well capitalized with a capital to assets ratio of 7.23% compared to 6.95% in the previous year. The combined net income was $8.17 million or a ROA of 0.56%, an increase of 12.5% from the previous year.