4Q 2012 Trends

At the end of 2012, the nation's 6,960 credit unions held just over $1 trillion in assets, up 6.2% from one year ago. They held over $605 billion in loans backed with $116 billion in capital. Here are other notable year-end trends:

• Loans: Credit unions originated over $330B in loans in 2012, marking the highest year of loan originations on record for the industry. A high volume of first mortgage originations totaling $124B resulted in record national mortgage market share for the credit union industry of 7%.
• Members: Total membership rose by over 2.0M during the year, an annual rate of 2.2%. Credit unions posted a record for the number of members who joined a credit union during a single year.
• Checking: Driven by continued media attention and rising rates of member growth, members opened nearly 2.8M checking accounts during 2012.
• Core Deposits: Share balances increased 6.1% during 2012, led by double-digit increases in share draft and regular share balances.
• Asset Quality: Delinquency declined during every quarter in 2012, ending the year at 1.16%, down 45 basis points a year ago.
• The Bottom Line: Revenue rose slightly and improved asset quality resulted in a lower expense for loan losses, driving a 12.5% increase in net income prior to stabilization. Post–stabilization net income is up 33.5% annually due to lower assessments than a year ago. Pre-assessment ROA of 94 basis points is the highest since 2005.

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

4Q 2012 Reports

The Quarterly Report

Credit unions originated a record $330 billion in loans during 2012. This marks the highest year 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.

4Q 2012 Trendwatch

Callahan’s quarterly Trendwatch call took place on Wednesday, February 13 and Thursday, February 14. On the call, Callahan’s Jay Johnson and Chip Filson discuss credit unions’ resurgence in 2012. In addition to reviewing industry trends, John Olivo presents Goldman Sachs’ Economic Forecast for 2013 and Bill Lawton, President & CEO of Community Financial Credit Union, discusses his credit union’s success through a commitment to lending through the financial crisis and cooperative principles.

To view the replay, please click the link below:

4Q12 Trendwatch