3Q 2012 Trends

At the end of the third quarter of 2012, the nation's 7,031 credit unions held slightly more than $1 trillion in assets, up 6.5% from one year ago. They held almost $600 billion in loans backed with nearly $115 billion in capital. Here are other notable third quarter trends:

• Loans: Credit unions originated $244.5B in loans in the first nine months of 2012, a 29.6% increase over 2011 levels. This year marks the highest first nine months on record for the industry. A high volume of first mortgage originations totaling $89.3B resulted in strong national mortgage market share for the credit union industry.
• Members: Total membership rose by nearly 2.5M in the past twelve months, an annual rate of 2.7%. This marks a pickup from June’s annual pace of 2.3% growth.
• Checking: Driven by continued media attention and rising rates of member growth, credit unions posted a record increase in the number of new checking accounts. Members opened 3.3M checking accounts in the twelve months ended September 30.
• Core Deposits: Share balances increased 6.0% over the past 12 months, led by double-digit increases in share draft and regular share balances.
• Asset Quality: Delinquency continues to decline at credit unions, as it decreased 3 basis points from June to 1.18%.
• The Bottom Line: Net income is up 37.8% annually due to lower assessments than a year ago. However, net income prior to stabilization also increased by 10.0%. Pre-assessment ROA of 95 basis points is the highest since 2005.

For more on the industry's performance, use these resources:

3Q 2012 Reports

The Quarterly Report

Credit unions originated $244B in loans in the first nine months of 2012. This marks the highest first nine months of loan originations in the industry’s history. Read more about loans, shares, investments, ROA, productivity, and more.

The Consolidated 2-Year Credit Union Financial Statement

How is the credit union industry faring compared to this period last year? Find out from this industry snapshot.

3Q 2012 Trendwatch

3 Takeaways From 3Q12

Jay Johnson, EVP of Callahan & Associates, shares the top 3 takeaways from 3Q12 credit union performance data.

Learn about 3Q 2012 credit union performance and general economic trends during Callahan’s quarterly Trendwatch call.

Watch the 3Q 2012 Trendwatch Call in its entirety. Available now On-Demand.

Download the 3Q 2012 Trendwatch slides.

3Q 2012 Industry Analysis

Delinquency Drops 42 Bps; Sand States Most Improved

The Importance Of Non-Interest Income To Sustainability

September data shows credit unions are relying on non-interest income to boost the overall health of their bottom line.

Rehabilitation Loans Transform Dilapidated Homes

Advantis Credit Union uses a combination of the traditional and the innovative to post double-digit loan growth in the third quarter.

Earnings Increase Despite Interest Margin Tightening

Credit unions are increasing alternative sources of income and turning in an outstanding performance in the third quarter in face of historically low interest rates.

Credit Unions Post Highest Loan Originations Through September

Growth in mortgages and consumer loans herald record 2012.

Credit Union Member Growth Hits 4.0% In Third Quarter

Initial third quarter data shows credit unions are not only adding members but also improving member relationships.

Start Your FirstLook Analysis

Check out your credit union’s performance using:

• CreditUnions.com Search & Analyze
• CUAnalyzer
• Peer-to-Peer Software