Graph of the Week: First Look: Share Growth is Accelerating

 
 

In Callahan's First Look program, credit unions, account for 99% of industry assets. Balance sheet growth continued in the second quarter as the CUs increased $61.9 billion or 9.2% over June 2008 levels. This marks the largest second quarter annual increase since 2003. The drivers of the share growth include a 17.7% annual growth in IRA/Keogh accounts and 16.3% growth in Money Market Accounts. Credit union deposits continue to grow from increased U.S. Savings and a flight to safe investment vehicles.

 

 

 

Aug. 24, 2009


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