Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Colombia
COLFCBODUNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
221.00
Year-over-Year Change
20.77%
Date Range
1/1/2008 - 1/1/2023
Summary
This trend measures the number of branch locations, excluding headquarters, for credit unions and financial cooperatives in Colombia. It provides insights into the geographic reach and accessibility of these important 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: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Colombia metric tracks the physical presence and service network of these community-oriented financial organizations. This data is valuable for analyzing financial inclusion and the evolution of the cooperative banking sector in the country.
Methodology
The data is collected directly from credit unions and financial cooperatives in Colombia.
Historical Context
This trend is used by policymakers, regulators, and market analysts to monitor the growth and geographic distribution of the cooperative banking industry.
Key Facts
- Colombia has over 200 credit unions and financial cooperatives.
- The sector serves over 6 million members nationwide.
- Branches have expanded by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for credit unions and financial cooperatives operating in Colombia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the geographic reach and accessibility of the cooperative banking sector in Colombia, which is important for analyzing financial inclusion and the evolution of this industry.
Q: How is this data collected or calculated?
A: The data is collected directly from credit unions and financial cooperatives in Colombia.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, regulators, and market analysts to monitor the growth and geographic distribution of the cooperative banking industry in Colombia.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely insights into the evolution of the cooperative banking sector.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Colombia (COLFCBODUNUM), retrieved from FRED.