Pioneer Credit Union Exhibits Dramatic Turnaround In Shares

The Idaho credit union increases its total shares one year after posting negative share growth.

 
 

Total share growth at Pioneer Federal Credit Union ($371.8M, Mountain Home, ID) has surged since second quarter 2014. At this time last year, Pioneer posted negative growth in total shares. This year, however, Pioneer has posted a 29.33% year-over-year growth in total shares, led by a 76.03-percentage-point increase in share certificates.  

YOY GROWTH BY SHARE PRODUCT TYPE
Pioneer Credit Union | Data as of 06.30.15
© Callahan & Associates | www.creditunions.com

Share_product_growth

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

In addition to share certificates, money market shares and share drafts at Pioneer have also increased by double-digits. Rather than relying on a single product, Pioneer has pushed growth in all of its products. Share composition shows a relatively equal distribution, with no single product taking more than one-third of all shares.

YOY GROWTH BY SHARE PRODUCT TYPE
Pioneer Credit Union | Data as of 06.30.15
© Callahan & Associates | www.creditunions.com

share_comp

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

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Aug. 25, 2015


Comments

 
 
 
  • I know their CEO, Curt Perry, and he is a very smart individual who understands members. Curt is the difference along with his strong management team. Way to go Curt!
    Paul Cook
     
     
     
  • This article seems to leave you hanging. What exactly did they do to turn things around?
    Kim Alexander
     
     
     
  • WOW - great growth. What specifically does the CU attribute the growth to?
    Anonymous