Financial results of co-operative savings and credit unions in 2020
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14.10.2021
The gross financial result of co-operative savings and credit unions in 2020 amounted to PLN 14.0 million and the net financial result PLN minus 4.3 million. The value of memberships deposits at the end of 2020 amounted to PLN 8.9 billion, and the value of member's loans and advances – PLN 6.5 billion.
The distribution network of CSCU decreased over 2020 year by 42 branches and checkout points to 737 units. In 2020 on average, there were 32 customer service facilities for every union. The employment in unions decreased by 13.1%, i.e. by 241 full time equivalents. The number of members of CSCU decreased by 26.4 thousand, but the average number of associated members per union amounted to 59.8 thousand (56.1 thousand in 2019).
