Credit Union Share Growth Picks Up Steam In 2015

Despite a red-hot lending market, credit union share balances increase through the end of the year.

 
 

With more than 5,300 credit unions — representing 94% of the industry's total assets — reporting in Callahan & Associates’ FirstLook program, many signs affirm the continued growth and health of the credit union industry. According to growth figures projected from reporting institutions, the industry’s loan portfolio continued its trend of expansion, increasing 10.6% year-over-year. Of equal importance, the share portfolio of the industry is projected to have expanded 7.0% as of December 2015, marking the fourth consecutive quarter of year-over-year growth.

LOAN GROWTH VS. SHARE GROWTH
For all FirstLook Credit Unions | Data as of 12.31.15
© Callahan & Associates | www.creditunions.com

Loan_Growth_vs._Share_GRowth_(no_title)

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

Core deposits (regular shares, share drafts, and money market shares) continue to be the primary drivers of growth in the share portfolio. In addition to posting double-digit growth in two of the three components of core deposits, every segment of the share portfolio grew faster than the previous year. As loan growth continues at a double-digit rate, it will become increasingly important for credit unions to grow deposits to maintain a well-balanced liquidity position.

YEAR-OVER-YEAR SHARE GROWTH
For all FirstLook Credit Unions | Data as of 12.31.15
© Callahan & Associates | www.creditunions.com

Year-over-year_share_growth_(no_title)

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

 
 

Feb. 2, 2016


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