The Quarterly Report: 2Q 2012

Credit unions post highest first quarter, second quarter, and first-half on record for loans originated.

 
 

Quarterly performance data for the entire credit union is available. Highlights include:

  • Total membership rose by more than 2 million in the 12 twelve months, an annual rate of 2.3%
  • Members added more than $57 billion in new balances over the past 12 months.
  • Year‐to‐date auto sales increased by 18.3% over June 2011, with credit unions capturing 15.0% of auto loan originations in the second quarter.
  • Investment balances are at record highs. Total credit union investments reached $391.5B in June 2012.
  • Total non‐interest income grew 14.0%.
  • Total employee compensation and benefits reached $7.7 billion through the first six months of 2012, a 6.3% annual increase.
  • Credit union capital increased 5.8% to $112.5B.
  • The average annualized loan origination per employee increased to $1.28 million.

For the full picture of how credit unions performed during the second quarter of 2012, download Callahan & Associates' The Quarterly Report: 2Q 2012 and The Consolidated 2-Year Credit Union Financial Statement.

 

 

 

Sept. 3, 2012


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