There are now 7 Ukrainian Credit Unions in Canada located in four provinces, including Quebec, Ontario, Manitoba and Saskatchewan, after So-Use Credit Union agreed to a merger with Ukrainian Credit Union which became 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 7 credit unions were $1.63 billion, an increase of 9.6% from the previous year. Total membership increased 2.0% to 70,035. The average assets per member was $23,317, an increase of 7.4% from the previous year. Combined, Ukrainian Credit Unions returned just over $2.08 million in dividends and patronage payments to its members or 22.0% of their net income before taxes. Since, Ukrainian Credit unions began making tax efficient patronage payments, they have returned over approximately $30 million to their members. At the end of 2010, Ukrainian Credit Unions were very well capitalized with a capital to assets ratio of 7.41% compared to 7.23% in the previous year. The combined net income was $9.5 million or a ROA of 0.62%, an increase of 16.0% from the previous year.