4Q 2009 Quarterly Report

Credit unions ended 2009 with record share growth and loan originations, positioning the industry for success heading into 2010, even as other lenders return to the market.

 
 

Credit unions ended 2009 with record share growth and loan originations, positioning the industry for success heading into 2010, even as other lenders return to the market.

Highlights at the end of December were:

  • Assets increase 8.9% over the last twelve months to $896.8B
  • Record loan originations of $271.9B during the course of 2009
  • First mortgage sales more than doubled over the past year as credit unions sold $51.4B in firsts to the secondary market
  • Share balances continue to grow a record pace, increasing 10.4% over last 12 months
  • Credit union membership rose 1.4% to 91.2M as increased awareness of the credit union industry brings in new members
  • Net worth to assets ratio stands at 9.9% as of December.

Download the Quarterly Report for more information on these trends.

 

 

 

March 8, 2010


Comments

 
 
 
  • Very Good
    Anonymous