SECOND QUARTER 2015 INDUSTRY PERFORMANCE

As of August 11, 2015, 6,147 credit unions are reporting as part of Callahan & Associates' FirstLook program. These credit unions —  representing 99.4% of industry assets —  increased their asset base 6.04%, reaching $1.18 trillion in June 2015. Loan balances soared 10.7% to $743 billion; that's a $74 billion jump from the $669 billion reported in June 2014. It's also the fastest rate since 2006.

Other notable second quarter trends:

• Loans: The industry originated the highest ever amount of loans. Total loan originations topped $200 billion through second quarter 2015, up $33.8 billion from one year ago. Year-to-date first mortgage originations increased 49.43% year-over-year. Other real estate and consumer loan originations both posted double-digit growth, 16.2% and 10.31%, respectively.
• Capital: Credit unions have nearly $136.6 billion in capital, up 7.01% from June 2014.
• Members: Membership increased 3.38% over the past 12 months, reaching 102.5 million as of June 2015.
• Relationships: The average member relationship at credit unions hit $17,088. That's up 3.74% year-over-year.
• Share Growth: The number of share draft accounts increased 8.39% over June 2013 to top $139.7 billion. Regular shares increased 9.07% YOY, reaching $364.4 billion.
• The Bottom Line: Total income has increased 7.14% since June 30, 2015. The $27.08 billion reported by FirstLook credit unions is highest second quarter total since 2010. The records set this quarter foreshadow what looks to be an impressive year for the credit union industry.

INDUSTRY AND CREDIT UNION ANALYSIS

Industry Performance By The Numbers (2Q 2015)
A breakdown of the industry's financial performance and impact in 2Q 2015.

3 Takeaways From Trendwatch 2Q15
Second quarter performance data showcases current and future areas of growth for credit unions, including loans, shares, and variety of income.
By: Erik Payne

4 Facts About Shares In Second Quarter 2015
Share growth at credit unions has reached a significant milestone.
By: Daniel Wang

4 Facts About The Income Statement At Midyear 2015
Credit unions reported 7.1% year-over-year growth in income, and that’s just the beginning.
By: Stephanie Clark 

5 Facts About Credit Union Lending In Second Quarter 2015
Lending activity at America’s credit unions suggests members are making cooperatives their financial institution of choice.
By: Stephanie Clark 

Associated Credit Union Posts 34% Increase In Loans
A 53% year-over-year increase in auto loans underpins strong lending performance at the Georgia credit union.
By: Sam Taft

Minnesota Credit Unions Lead The Nation In First Mortgage Loan Origination Growth
Wings Financial’s triple-digit annual increase in first mortgage originzations is a guiding force in the North Star State.
By: Daniel Wang

3 Graphs That Show The Strength In Credit Union Lending
Strong consumer and real estate lending helped credit union loan originations set a record midyear high.
By: Sam Taft

Loan Originations Hit Another Record High In Second Quarter
Total loan originations at U.S. credit unions increased 20% in second quarter 2015, topping $200 billion at mid-year.
By: Janet Lee

Pioneer Credit Union Exhibits Dramatic Turnaround In Shares
The Idaho credit union increases its total shares one year after posting negative share growth.
By Daniel Wang

Star One Credit Union Posts 5.64% Growth In Member Relationships
California cooperative reaches all-time high in average member relationship.
By Stephanie Clark

State Farm FCU Is Among Top 10 Most Efficient $1 Billion Credit Unions
A distinct branching model contributes to lean operations at the $3.9 billion institution.
By Stephanie Clark

Asset Quality Reaches Pre-Recession Levels In Second Quarter 2015
Continuously improving asset quality indicates the stability and financial soundness in the credit union system and heralds another record-breaking quarter.
By Janet Lee

Operating Efficiency Improves At U.S. Credit Unions In The Second Quarter
Credit unions of all asset sizes are spending less to earn a dollar.
By Sam Taft
 

REPORTS FOR 2Q 2015

The Consolidated 2-Year Credit Union Financial Statement (2Q 2015)

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TRENDWATCH

This must-attend quarterly event for credit union leaders covers performance trends, industry success stories, and areas of opportunity. Callahan bases its analysis on data gathered through its FirstLook program, which means attendees will find insight they won't find anywhere else weeks before the official NCUA data release.

WATCH IT ON-DEMAND.

UPLOAD YOUR OWN DATA

Callahan's FirstLook program collects quarterly performance data from individual credit unions and allows institutions to run reports in Peer-to-Peer weeks before the full data set is available. Don't wait for us to find you; take advantage of the opportunity to gain early insight into the industry's quarterly performance and upload your credit union's 5300 Call Report data today.

To upload your 5300 Call Report data:

1. Log into Peer-to-Peer.
2. Go to "Settings."
3. Select "XML 5300 Upload."
4. Follow the prompts.
5. Begin your analysis.