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industry overview

credit unions @ JUNE 30, 2014


Credit unions hit some major milestones at midyear 2014. According to Callahan's FirstLook program, the credit union industry has $1.12 trillion in assets, up 4.7% from the previous June. The industry holds more than $682 billion in loans backed by more than $125 billion in capital. Here are other notable midyear trends:

  • Loans: The industry's 9.9% year-over-year loan growth is the highest since 2005.
  • Members: Membership growth has accelerated over the past three years and hit 3.1% as of June 30.
  • Relationships: The average member relationship at midyear, $18,021, is more than 2013 thanks to the increase in loan balances.
  • Share Growth: Idaho, North Dakota, and Utah topped the charts in share growth, posting rates of 10.0%, 7.7%, and 7.0%, respectively.
  • The Bottom Line: The year-over-year growth in loan income has boosted total revenue. This is the first increase since 2009.



Industry Performance By The Numbers (2Q 2014)
A breakdown of the industry’s financial performance and impact in 2Q 2014.

3 Takeaways From Trendwatch 2Q 2014

The first six months of 2014 have been all about lending lending lending — and credit unions have the performance to prove it.
By: Rebecca Wessler

New Highs For The Credit Card Portfolio

Credit unions are posting impressive results in credit card numbers, balances, and market share.
By: Janet Lee

Credit Unions Post 60% Increase In Consumer Loan Originations

More auto loans and higher credit card balances are the primary source of growth in the industry's loan portfolio.
By: Andrew Bolton

Revenue Rises In The Second Quarter

Income from loan and investments is the driving force behind the quater's 1.2% growth in total revenue.
By: Janet Lee


VIDEO: Trendwatch 2Q 2014

Callahan chairman Chip Filson and senior vice president Jay Johnson discuss second quarter trends, including macroeconomic trends, loan growth, millennials, and the rising rate environment. Watch now.


The Consolidated 2-Year Credit Union Financial Statement


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