Corporate credit union shares reached $60.9 billion in the third quarter,
up an amazing 17.4% YTD. So far this year, credit union investments
have increased 16.3% to $185.7 billion, and corporate credit unions
have successfully kept up with this record growth, holding a 32.8%
market share of credit union investments.
Much like natural person credit unions, third quarter growth was
slower for the corporates than in the previous two quarters with
3-month Daily Average Net Asset growth for the group at only 1.35%.
However, there was a wide range of growth rates among the individual
corporates and only 13 of the 32 had positive 3-month DANA growth.
Central Credit Union Fund of Massachusetts posted the highest 3-month
DANA growth at 10.45%, while Corporate Central of Wisconsin experienced
a decline of 15.62% over the same period.
Why did some corporates perform so much better than others?
The chart below shows that corporate credit unions with higher
payout ratios generally demonstrated higher 3-month DANA growth.