About KREDA

About KREDA

United Central Credit Union (UCCU) (Lith. Jungtinė centrinė kredito unija, JCKU) is a promising and ambitious central credit union in Lithuania, which manages the Kreda Group, was established on 2 January 2018 and unites 14 credit unions with long-standing experience. A UCCU is a credit union organized on a cooperative basis, registered by credit unions of legal persons and operating on the basis of share capital.

According to unaudited financial data for the first half of 2023, KREDA Group’s assets under management increased by 83% to EUR 449.2 million, the deposit portfolio grew by 84% to EUR 395.3 million and the loan portfolio by 81% to EUR 389.2 million. Profits grew by 101% to EUR 1.8 million and the market share of credit unions reached 36.7% in the first quarter of 2023.