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FSRA year-end report shows growth in credit union profitability

The credit union sector is rebounding from the economic impact of the COVID-19 pandemic.

FSRA’s year-end credit union Sector Outlook Report finds that profitability in the fourth quarter of 2021 was stronger than the same time last year.

Members can have confidence in the stability of Ontario’s credit unions and caisses populaires.

FSRA reports on the financial health of Ontario credit unions and caisses populaires on a quarterly basis. FSRA monitors the sector’s financial performance to identify core challenges and works with credit unions to protect and improve outcomes for its members.

The credit union sector plays a meaningful role in serving the financial needs of over 1.7 million people across the province.

Additional insights on the operations and financial performance of credit unions and caisses populaires in Ontario are available in FSRA’s 4Q-2021 Sector Outlook Report.

Learn more:

FSRA continues to work on behalf of all stakeholders, including consumers, to ensure financial safety, fairness, and choice for everyone.

Learn more at www.fsrao.ca.

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