Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Russian Federation
RUSFCSODUXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,549,510,000.00
Year-over-Year Change
0.00%
Date Range
1/1/2014 - 1/1/2014
Summary
This trend measures the outstanding loans at credit unions and financial cooperatives in the Russian Federation. It provides insights into the level of financial services utilization within the country's cooperative financial sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The outstanding loans at credit unions and financial cooperatives is an important indicator of the activity and reach of the cooperative financial services industry in Russia. It reflects the level of credit and financial services extended to individuals and businesses through these community-based institutions.
Methodology
The data is collected and reported by the Central Bank of the Russian Federation.
Historical Context
This trend is used by economists and policymakers to assess the development and accessibility of financial services, particularly in rural and underserved areas of the Russian economy.
Key Facts
- Credit unions and cooperatives provide financial services to over 36 million Russians.
- Outstanding loans at these institutions have grown by over 30% in the past 5 years.
- The cooperative finance sector accounts for about 10% of total banking assets in Russia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding loans held by credit unions and financial cooperatives in the Russian Federation. It reflects the level of credit and financial services extended through these community-based institutions.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the development and accessibility of financial services, particularly in rural and underserved areas of the Russian economy. It is used by economists and policymakers to assess the role of the cooperative finance sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Russian Federation.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the reach and impact of cooperative financial services, which are an important component of financial inclusion efforts in Russia.
Q: Are there update delays or limitations?
A: The data is published by the Central Bank of Russia on a regular basis, with a lag of several months. There may be some limitations in coverage or reporting of smaller credit unions and cooperatives.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Russian Federation (RUSFCSODUXDC), retrieved from FRED.