3Q 2013 Trends

As of September 2013, the nation's 6,753 credit unions held $1.07 trillion in assets, up 4.3% from the previous September. They held over $639 billion in loans backed with over $118 billion in capital. Here are other notable third quarter trends:

• Loans: Credit unions originated over $270.4B in loans in the first nine months of 2013, surpassing the record volume in the first nine months of 2012 by 10.6%. Key drivers of this increase were higher mortgage and consumer loan originations versus the same period in 2012.
• Members: Total membership rose by over 2.0M during the past twelve months, an annual rate of 2.1%.
• Checking: Members opened nearly 2.4M checking accounts during the past 12 months, indicating continued growth in primary financial relationships.
• Core Deposits: Share balances increased 4.1% annually, led by continued strong growth in checking account and regular share balances.
• Asset Quality: Delinquency ticked down slightly from the second quarter to the third quarter, and is down 16 basis points from September 2012 to 1.02%.
• The Bottom Line: Revenue declined slightly from the first nine months of 2012 due to lower interest income, playing a part in a 1.6% decrease in net income after stabilization expenses.

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

The Quarterly Report

Credit unions originated a record $270 billion in loans during the first nine months of 2013, and are on pace for a record year of loan originations. Read more about loans, shares, investments, ROA, productivity, and more.

The Consolidated 2-Year Credit Union Financial Statement