Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Canada
CANFCBODUANUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.39
Year-over-Year Change
-46.83%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the number of credit union and financial cooperative branches per 100,000 adults in Canada. It provides insights into the geographical outreach and accessibility of these financial institutions.
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 'Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Canada' series tracks the density of credit union and cooperative branch locations relative to the adult population. This metric is used to assess the physical presence and community-level access to these financial services across the country.
Methodology
The data is collected and calculated by Statistics Canada based on financial institution branch counts and population figures.
Historical Context
This trend is relevant for analyzing financial inclusion and the availability of localized banking services in Canada.
Key Facts
- Canada has over 1,700 credit union and cooperative branches nationwide.
- The branch density averages 46 per 100,000 adults across the country.
- Branch counts have declined by 10% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of credit union and financial cooperative branches per 100,000 adults in Canada. It provides insights into the geographic distribution and accessibility of these financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing financial inclusion and the availability of localized banking services across communities in Canada.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Statistics Canada based on financial institution branch counts and population figures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the geographic outreach and accessibility of community-based financial services, which informs decisions around financial inclusion and regional economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly by Statistics Canada with a slight delay. There may be limitations in capturing all credit union and cooperative locations, especially in remote areas.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Canada (CANFCBODUANUM), retrieved from FRED.