Credit unions enjoy continued momentum in member growth, share draft growth, and lending in the first quarter of 2012.
Since January 1, 2012 credit unions added 710,000 members, a figure 62% higher than the 439,000 gained in the fourth quarter.
Credit union members opened 2.5 million checking accounts in the past 12 months ended March 31.
Share balances increased 6.7% over the last 12 months, led by a 16% increase in share draft balances.
Credit unions originated $72.5 billion in loans in the first three months of 2012, a 25% increase over 2011 levels. This was the highest first quarter on record for the industry.
Get the full picture of how credit unions performed during the first quarter of 2012 in Callahan & Associates' The Quarterly Report: 1Q 2012 and Consolidated Financial Statement.