3 Things To Know About Shares In Third Quarter 2015

After two years of a slow go, share growth tops 5.8%.

 
 

Nearly 6,000 credit unions representing 97.7% of the industry’s assets are reporting into Callahan & Associates’ FirstLook program. These FirstLook credit unions have posted 5.8% share growth in the third quarter of 2015. That’s a 1.7 percentage-point-increase over the 4.1% reported in third quarter 2014 — a good sign for credit union performance.

SHARE GROWTH
For FirstLook credit unions | Data as of 09.30.15
© Callahan & Associates | www.creditunions.com

Share_Growth

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

Core deposits — which are composed of regular shares, share drafts, and money market shares — led overall share growth in the third quarter. Total core deposits for FirstLook credit unions expanded 8.1% annually. Regular shares and share drafts posted notable growth of 9.9% and 9.7%, respectively. If FirstLook trends continue, core deposits will reach an all-time high of $737.9 billion as of September 2015.

CORE DEPOSIT GROWTH
For FirstLook credit unions | Data as of 09.30.15
© Callahan & Associates | www.creditunions.com

Core_Deposit_Growth

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

To accompany strong share growth, loans grew 10.8% annually. Higher share and loan balances per member suggest more members are using their credit union as their primary financial institution. Consequently, average member relationships, which measures the average amount of loans and shares each member holds at a credit union, expanded 7.0% year-over-year to reach an all-time high of $17,179 as of September 2015.

 

AVERAGE MEMBER RELATIONSHIP
For FirstLook credit unions | Data as of 09.30.15
© Callahan & Associates | www.creditunions.com

average_member_relationship

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

 
 

Nov. 6, 2015


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