The credit union continued its surplus for 19 consecutive years, recording a total net income of 383.1 billion won last year.
On the 26th, the Korean Federation of Credit Unions announced that they shared these achievements by holding the ’48th Regular Delegation’ at the Daejeon Shinhyup Central Training Center.
The credit union’s 2020 net profit is an increase of 13 billion won (about 3%) from the previous year. During the same period, total assets increased by 8.3% to 11 trillion and 9 trillion won, and total loans increased by 11% to 78.9 trillion won. The National Assembly also made a net profit of 32.1 billion won.
Chairman Yoon-Sik Kim suggested’the best financial cooperative with improved social clarity and credibility’ as the management goal. To this end, ▲ strengthening union credit competitiveness for sustainable growth ▲ supporting rural and small cooperatives for mutual growth between unions ▲ revitalizing non-face-to-face channels ▲ expanding social and inclusive finance.
Related Articles
Credit Union, 5 small business and business organization and win-win cooperation agreement
Shinhyup delivers’Corona 19 prevention goods’ to preserve intangible cultural properties
Credit Union and Mint Corporation,’card-type local love gift certificate release’ agreement
Credit Union Federation strengthens consumer protection function ahead of enforcement
Along with this, the company decided to expand and operate the ‘7 Inclusive Finance Projects’ to support the financially vulnerable groups and local economies.
Chairman Kim Yoon-sik expressed his gratitude, saying, “It was the help of the hard work of more than 18,000 employees of Shin-yeop nationwide,” saying, “It played a role in resolving the financial crunch for the common people despite the difficult economic situation last year.