Change is the Theme for Credit Unions in 2004

Leading into the new year, the credit union system is undergoing significant change. The credit union industry has grown over $50 billion in assets despite the fact that there are 435 fewer credit unions this year than last. New peer groupings in Callahan's 2004 Credit Union Directory reflect the movement's growth, including the largest segment of the 82 credit unions now over $1 billion in assets.

 
 

Leading into the new year, the credit union system is undergoing significant change. The credit union industry has grown over $50 billion in assets despite the fact that there are 435 fewer credit unions this year than last. New peer groupings in Callahan's 2004 Credit Union Directory reflect the movement's growth, including the largest segment of the 82 credit unions now over $1 billion in assets.

The $612 billion credit union industry originated $106.4 billion mortgage loans over the last four quarters and has captured 16.3% of the auto lending market in the face of 0% financing. This year's largest credit unions in the industry include Navy Federal (VA), State Employees (NC), and Pentagon (VA). The top leaders in auto loan penetration include Greenwood (RI), State Farm West Central (NE), and Worchester Fire Department (MA).

 

 

 

Nov. 10, 2003


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