| Abstract [eng] |
The interest in credit unions and their services in Lithuania is growing every year, however, the growth in the number of credit unions and their membership began during the economic downturn and continues to this day. In recent years, credit unions have grown in scope and range of services, activities were moving closer to banks, although the regulatory requirements for credit unions continued to be simplified. During the 2014-2018 period, credit union assets increased by 124 million euros, loans and deposits also increased significantly. The question is whether credit unions will be able to manage all the risks associated with the development whether their activities will be stable and sound. |
