Follow The Leaders: Autos, Mortgages, Members, And More

Five can’t-miss data points this week on CreditUnions.com.

 
 

Over the next two weeks, CreditUnions.com will showcase the credit union leaders in a wide variety performance metrics — nearly 40 in total.

This week, we dive into member, auto lending, productivity, mortgage, and earnings metrics.

Here are five can't-miss data points for the week:

110.6 Million

Credit union membership exceeded 110 million in the second quarter of 2017, and the movement wrapped up June with 110.6 million members. This is a 1.2% increase over first quarter and a 4.3% increase year-over-year.

In "Credit Union Leaders In 4 Member Metrics," see how U.S. credit union's stack up in total members, 12-month member growth, 5-year member growth, and average member relationship.

$321.4 Billion

On a positive note, credit union auto lending performance remains strong. Annual growth of 16.3% in the new auto segment underpinned a 13.6% year-over-year increase in total auto balances, which hit $321.4 billion as of mid-year. The rate of growth, however, is a mixed bag.

In "Credit Union Leaders In 3 Auto Lending Metrics," see how U.S. credit union's stack up in 12-month auto loan growth, auto loan penetration, and auto loan concentration.

 

 

287,656

The credit union industry hit a new high in the size of its workforce. The movement added more than 10,000 full-time employees from June 30, 2016, to June 30, 2017, an annual increase of 3.8% that pushed the employment rolls to 287,656 full-time equivalents.

In "Credit Union Leaders In 5 Productivity Metrics," see how U.S. credit union's stack up in salaries & benefits per employee, assets per employee, members per employee, revenue per employee, and loan originations per employee.

9.5%

Real estate loan balances outstanding at credit unions increased 9.5% year-over-year to reach $456.6 billion as of June 30, 2017. First mortgages accounted for $375.7 billion of those balances outstanding and represented 82.3% of the credit union real estate lending portfolio.

In "Credit Union Leaders In 4 Real Estate Metrics," see how U.S. credit union's stack up in 12-month first origination growth, real estate loan concentration, year-to-date first mortgage originations, and mortgage servicing portfolios.

$31.7 Billion

Total operating revenue reached $31.7 billion in the first half of the year; that’s an increase of 8.8% over the first six months of 2016. This continued the recent trend of accelerating revenue growth for credit unions.

In "Credit Union Leaders In 4 Earnings & Capital Metrics," see how U.S. credit union's stack up in return on assets, Net Worth-to-assets, service revenue-to-assets, and efficiency.

Happy Reading!

 

Dec. 25, 2017


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