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industry overview

credit unions @ june 30, 2012

2Q 2012 Trends


At the end of the first quarter of 2012, the nation's 7,105 credit unions held just over $1 trillion in assets, up 7% from one year ago. They held almost $590 billion in loans backed with more than $112.5 billion in capital. Here are more 2Q Trends to Remember:

  • Loans: Credit unions originated $156.7B in loans in the first half of 2012, a 29% increase over 2011 levels. This year marks the highest first quarter , second quarter, and first half on record for the industry. A high volume of first mortgage originations totaling $56.3B resulted in strong national mortgage market share for the credit union industry.
  • Members: Total membership rose by over 2.0M in the past twelve months, an annual rate of 2.3%.
  • Checking: Driven by continued media attention and high rates of member growth, credit unions posted a record increase in the number of new checking accounts. Members opened 2.9M checking accounts in the past twelve months ended June 30.
  • Core Deposits: Share balances increased 7.0% over the last 12 months, led by a 16% increase in share draft balances.
  • Asset Quality: Delinquency decreased 24 basis points from March to 1.21%. Part of this strong decline is due to changes in TDR accounting. Call report guidelines now reflect practices in‐line with GAAP and other regulators as TDRs are no longer required to be reported as delinquent upon restructuring the loan.
  • The Bottom Line: Net income is up 18% annually and a pre‐assessment ROA of 90 basis points is the highest since 2005.

For more on the industry's performance, use these resources:

 

2Q 2012 Reports


The Quarterly Report: 2Q 2012

Credit unions originated $156.7B in loans in the first half of 2012. This year marks the highest first quarter, second quarter, and first-half on record for the industry. Read more about loans, shares, investments, ROA,productivity, and more.

The Consolidated 2-Year Credit Union Financial Statement

How is the credit union industry faring compared to this period last year? Find out from this industry snapshot.

 

2Q 2012 Trendwatch


2Q 2012 Trendwatch Call

Watch Callahan's 2Q12 Trendwatch Call in its entirety On-Demand on CreditUnions.com.

2Q 2012 Trendwatch Slides

Download a copy of Callahan's 2Q12 Trendwatch Slides.

 

2Q 2012 Industry Analysis


Mortgage Lending Fuels Record Loan Volume

During the second quarter of 2012, credit unions originated their highest-ever loan volume.

Robust Second Quarter Performance Demonstrates Credit Unions’ Strengths

Credit unions excel in building the loan portfolio as well as member relationships.

Create Peace Of Mind To Boost Auto Loan Activity

With $314M in assets, Dallas-based Neighborhood Credit Union generated an upswing in auto by bundling in loan forgiveness and other benefits.

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