Indonesia Conference Directory

Increasing the quantity of cooperatives in Indonesia is not in line with the quality of the cooperatives, especially the profitability level of cooperatives in Indonesia which is relatively low compared to MSMEs. The financial literacy that is now being promoted by the government has a fairly good contribution to the development of Indonesias economic business. This study aims to determine the correlation between financial literacy level of savings and loan cooperative members to the profitability of sukabumi city savings and loan cooperatives. Lending for the realization of sustainable development and cooperative reform. This research use a quantitative method, using data obtained from questionnaire and the data analysis of financial statements of the savings and loan cooperatives sukabumi city wich measured by Return on Equity and Return of Assets and then processed using SPSS 21 with a correlation test on the data. The independent variable of research is the level of financial literacy of cooperative members and the dependent variable, namely the profitability of savings and loan cooperatives. The sampling technique uses probability sampling, namely proportionate stratified random sampling to savings and loan cooperatives in Sukabumi. The lack of knowledge of financial literacy of cooperative members causes the cooperative profitability to be relatively low wich this problem cause many cooperative are disbanned.