The National Credit Union Federation of Korea said on the 14th that it handled policy fund loans to support the economic self-reliance of financially vulnerable groups, including low-credit and low-income workers, self-employed people, and small business owners.
As of the first half of this year, Saemaul Geumgo supplied 200.3 billion won in inclusive finance funds through three policy fund loan products: Sunshine Loan, local government agreement loans, and small business loans. Saemaul Geumgo's policy fund loans totaled 294 billion won in 2022, 295.8 billion won in 2023, and 312.3 billion won in 2024, showing a continued upward trend.
The National Credit Union Federation of Korea selected nine credit unions with outstanding performance by policy fund loan product this year, and supported the sound growth of all Saemaul Geumgo branches by turning the best practices of six of the selected credit unions into content and disseminating them. The outstanding credit unions in each category were selected based on new policy fund loan handling amounts in 2024, with a comprehensive evaluation that combined quantitative indicators such as the loan-to-deposit ratio, the proportion of household loans, arrears rate, and profitability, along with qualitative factors.
Kim In, president of the National Credit Union Federation of Korea, said, "Even in a challenging business environment as we work to strengthen soundness, we will expand support for financially vulnerable groups such as small business owners and low-credit borrowers, stand with local communities as an inclusive finance institution, and fulfill our social responsibilities."