2014 Year-End Leaders In Credit Card Growth

What credit unions stood out for their spectacular credit card growth as of Dec. 31?

 
 

Consumer confidence bolstered by an improving U.S. economy helped the credit union industry post multiple records in its credit card segment in 2014. Credit card balances totaled $46.5 billion at year-end, growing 8.1% annually. That’s the fastest annual growth since the fourth quarter of 2008. The total number of credit cards also reached a peak. The industry added 1.2 million active credit cards during the past 12 months, representing a 7.7% annual increase.

The table below shows the top credit unions in 12-month outstanding credit card balance growth as of Dec. 31, 2014. North Island ($1.1B, San Diego, CA) led the way with a four-fold increase in balances since December 2013.

 

LEADERS IN 12-MONTH CREDIT CARD LOAN GROWTH
For U.S. credit unions with $20M+ in assets and credit card balances of $3M+ in 2013
© Callahan & Associates | Data as of 12.31.14

  Credit Union State 12-Month Growth Credit Card Loans Outstanding (12/14) Credit Card Loans Outstanding (12/13) Total Assets
1 North Island CA 323.32% $13,070,122 $3,087,547 $1,143,959,862
2 Five Star AL 148.72% $12,206,230 $4,907,630 $317,649,991
3 Credit Union of Texas TX 91.94% $14,378,766 $7,491,153 $1,133,230,287
4 Texell TX 80.40% $10,361,923 $5,743,938 $240,244,990
5 Island NY 78.10% $6,854,363 $3,848,595 $977,709,673
6 Teachers IN 77.47% $26,269,901 $14,802,165 $2,650,461,445
7 St. Mary's Bank NH 77.18% $6,379,505 $3,600,478 $814,656,185
8 CME OH 76.66% $7,956,015 $4,503,633 $230,596,325
9 Tulsa OK 72.37% $5,839,017 $3,387,536 $668,951,354
10 Indiana University IN 59.08% $11,451,500 $7,198,740 $780,556,855
11 Sun Community CA 57.76% $6,102,112 $3,867,869 $304,152,769
12 Credit Union of New Jersey NJ 56.23% $9,268,596 $5,932,708 $317,390,221
13 Public Service Employees CO 56.20% $13,345,322 $8,543,893 $1,451,444,300
14 River Valley OH 55.46% $9,791,428 $6,298,283 $310,441,690
15 NASA MD 53.92% $166,001,036 $107,848,625 $1,487,121,339
16 Guardian AL 50.32% $6,597,809 $4,389,253 $298,627,757
17 Red Canoe WA 49.90% $16,120,858 $10,754,088 $638,074,251
18 State Employees' NC 48.30% $480,941,108 $324,308,718 $29,477,543,683
19 Northern Star VA 46.86% $9,424,772 $6,417,507 $81,338,281
20 USC CA 46.42% $10,314,560 $7,044,277 $398,807,881

 

Source: Callahan & Associates’ Peer-to-Peer Analytics

 
 

Feb. 25, 2015


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