PENGARUH LITERASI KEUANGAN TERHADAP SIMPANAN DAN PINJAMAN ANGGOTA KOPERASI DI CITRA AKADEMIKA KUPANG

Abstract

Cooperative knowledge needs to be owned by Cooperative Members in order to utilize the products of
bank and non-bank financial institutions to be able to manage finances well. Based on the results of
a national surve about Indonesian financial literacy carried out by OJK in 2013, the level of
financial literacy of the Indonesian people was only 21.84% with a level of financial inclusion of
59.74%. The majority of financial inclusion in Indonesia is in the banking sector. For Micro, Small
and Medium Enterprises (MSMEs) and cooperatives, the financial literacy level is 15.68% with a
financial inclusion rate of 53.34%. Financial literacy is Knowledge, Understanding, and
Utilization in managing finances. This study aims to investigate how much the level of financial
literacy and its effect on savings and loans of members of the Citra Akademika Kupang cooperative.
The variables are Knowledge, Understanding, And Utilization that are predicted to have an effect
on cooperative member’s Savings and Loan are explained by descriptive analysis and testing using
statistics. The results showed that the lowest achievement was found in the aspect of Knowledge that
had a negative influence around -32.4% and the highest achievement was found in the Utilization
aspect, which was 74.3% of the members' savings. Utilization affects negatively which ranges from
23.7% and it affects significantly to the Loans of cooperative members. This shows that Knowledge
and Understanding are not enough to increase Savings and Loans, meaning that it requires the
Utilization of cooperative products to increase Savings and Loans.
Keywords: Cooperative Products, Financial Literacy.