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industry overview

CREDIT UNIONS @ SepteMBER 30, 2014


According to Callahan's FirstLook, industry assets have grown 5.1% since last September to reach $1.12 trillion. Credit unions hold more than $705 billion in loans backed by more than $128 billion in capital.

Here are other notable third quarter trends:

  • Loans: At 10.3%, year-over-year loan growth more than doubled the pace of deposit growth.
  • Members: Membership surpassed 100 million members. That's an increase of 3.1% from September 2013.
  • Relationships: More than half of the country's credit union members —  53.9% — have a credit union checking account. This is a sign members are using their credit union as their primary financial institution.
  • Share Growth: Share growth remained relatively steady. The quarter's 3.9% growth is down only slightly from 4.1% one year prior.
  • The Bottom Line: Strong long growth boosted loan income, which in turn caused total revenue to rise 2.6% annually. This is the first annual increase as of the third quarter since 2008.


Industry Performance By The Numbers (3Q 2014)
A breakdown of the industry’s financial performance and impact in 3Q 2014.

3 Takeaways From Trendwatch 3Q14
Third quarter performance demonstrates how committment to members is helping credit unions deliver better value.

By: Rebecca Wessler

Robust Loan Growth At Listerhill In 3Q14
The Alabama credit union increased ARM loans by 115% over last year.

By: Sam Taft

Wright-Patt Posts Strong First Mortgage Loan Growth In 3Q14
Wright-Patt Credit Union’s first mortgage portfolio expands 16% thanks to a significant growth in ARMs.

By: Janet Lee

Consumer Lending Soars At Lake State In 2014
This northern Minnesota financial co-op boosted its consumer lending almost four times higher in the first nine months of 2014.

By: Andrew Bolton


Trendwatch 3Q 2014 On-Demand
Callhan Leadership clients may access the recording to this webinar that reviews performance trends, industry success stories, and areas of opportunity. It's insight you won't find anywhere else weeks before the official NCUA data release.


The Consolidated 2-Year Credit Union Financial Statement (3Q 2014)

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