Key Credit Union Trends at September 30, 2008

Credit unions ended the third quarter with solid growth and a strong balance sheet, even as the fallout of the current economic conditions continues to be reverberate.

 
 

Credit unions ended the third quarter with solid growth and a strong balance sheet, even as the fallout of the current economic conditions continues to be felt. Highlights at the end of September were:

• Assets up 7.0% over the last twelve months to $814.0B

• Credit union loan portfolio grows 7.2% annually

• First mortgage originations up 20.7% versus the first nine months of 2007

• Share balances grow 5.8% over the last 12 months

• Credit union membership increases 1.5% to 89.9M

• Credit union total income up 3.6% year-over-year

 

Download the full 3Q Quarterly Report for more on earnings, capital, operating expenses, and productivity.

 

 

 

Nov. 24, 2008


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