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industry overview

CREDIT UNIONS @ DECEMBER 31, 2013

4Q 2013 Trends

As of December 2013, the nation's 6,687 credit unions held $1.08 trillion in assets, up 3.9% from the previous December. They held over $653 billion in loans backed with over $120 billion in capital. Here are other notable year-end trends:

  • Loans: Credit unions originated $351B in loans during 2013, surpassing the record volume in 2012 by 6.2%. Key drivers of this increase were strong mortgage originations and higher consumer loan originations versus 2012.
  • Members: Total membership rose by nearly 2.4 million during the past twelve months, an annual rate of 2.5%.
  • Checking: Members opened nearly 2.4M checking accounts during the past 12 months, indicating continued growth in primary financial relationships.
  • Core Deposits: Share balances increased 3.7% annually, led by continued strong growth in checking account and regular share balances.
  • The Bottom Line: Revenue declined from 2012 due to lower interest income, playing a part in a 4.4% decrease in net income after stabilization expenses.

The Consolidated 2-Year Credit Union Financial Statement


FIRSTLOOK ANALYSIS
 

Business Lending Booms In 2013

The industry's MBL portfolio is growing as more credit unions step into small businesses lending.
By Mark Reed

Credit Unions Post Robust Credit Card Performance In 4Q 2013

Callahan’ FirstLook credit unions closed out 2013 with the highest credit card penetration and credit card loan growth since the recession began.
By Janet Lee

Deposit Growth Slowing As Credit Unions Close The Books On 2013

Members are saving less and spending more amid the improving economy.
By Andrew Bolton

Credit Unions Close Out 2013 With Strong Lending

Callahan’s FirstLook data shows increased originations as consumer lending continues to gain ground in the portfolio.
By Andrew Bolton

The Importance Of Non-Interest Income In Today's Environment

Callahan's annual non-interest income survey highlights the crucial role NII plays in a credit union's bottom line.
By Mark Reed

3 Takeaways From Trendwatch 4Q 2013

Credit unions are posting record financial performances, now it’s time to refocus on their member-owners.
By Erik Payne

Trendwatch 4Q 2013

Callahan's quarterly Trendwatch presentation is now available in its entirety. Learn how credit unions performed in 2013 and find new opportunities in today's economic environment.

To view the replay, please click the link below:

4Q13 Trendwatch

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