Star One Credit Union Posts 5.64% Growth In Member Relationships

The California cooperative reaches all-time high in average member relationship.


The average member relationship at Star One Credit Union ($7.6B, Sunnyvale, CA) has reached an all-time high of $86,358 as of June 30, 2015. That’s a 5.58% year-over-year increase.

By comparison, credit unions nationally posted 3.52% YOY growth in average member relationships, according to second quarter data on more than 6,100 credit unions. More notably, the average member relationship — which excludes business loans — for credit unions nationally is $16,613, or less than one-quarter that of Star One’s.

Any growth at all in this metric is partly the result of a recovering economy and favorable rates for credit union members. 

For all U.S. credit unions | Data as of 06.30.15
© Callahan & Associates |


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

Star One’s first mortgage activity is responsible for a significant portion of the credit union’s member relationship growth — as of midyear 2015, first mortgages comprise 81.89% of Star One’s loan portfolio.

 The credit union offers a quick, no-fee mortgage origination program that allows members to take out mortgages as large as $2.5 million. It also partners with HomeAdvantage, part of CU Realty Services, to offer members a way to research listings and find a real estate agent.

But the average member relationship encompasses more than lending.

Of Star One’s 93,930 members, 57.68% have a share draft account. That’s 2.91 percentage points higher than the industry average of 54.77%. Star One is also increasing shares at a faster rate than both asset-based and national peers. 

For all U.S. credit unions | Data as of 06.30.15
© Callahan & Associates |


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


Aug. 25, 2015



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