THIRD QUARTER 2015 INDUSTRY PERFORMANCE
As of Nov. 18, 2015, 6,092 credit unions representing 99.95% of industry assets are reporting as part of Callahan & Associates’ Firstlook program. Assets for these credit unions have increased 6.1%, topping $1.2 trillion in the third quarter. What's more, credit unions lent more than $1 billion every day during the third quarter, and total loan balances have reached an all-time high of $778.7 billion.
Other notable industry trends:
Loans: The credit union loan portfolio has increased 10.8% annually, the highest third quarter growth rate since 2005. Loan originations are up 18.2% year-over-year and topped $310.7 billion in September 2015. A 41.2% annual growth rate in first mortgages underscores strong origination activity across the board.
Shares: Share balances increased 6.3% annually and topped $1.0 trillion as of September 2015. Loan growth outpaced share growth by 4.5 percentage points, driving the loan-to-share ratio up 3.4 percentage points to 77.4%. That's the highest since June 2009 when it was 77.5%. Core deposits expanded to an all-time high of $506.9 billion and now comprise 55.4% of the share portfolio.
Members: Membership expanded 3.7% annually and topped 103 million as of September 2015.
Relationships: The average member relationship hit a record high of $16,753 as of September 201. Credit card and auto penetration increased 60 basis points and one percentage point, respectively. Credit unions posted record high share draft penetration of 55.1%.
The Bottom Line: Despite a steady interest rate environment, total income soared 7.0% year-over-year to $41.1 billion as of September 2015. This is the highest third quarter income reported since September 2009, when it was $40.3 billion.
INDUSTRY AND CREDIT UNION ANALYSIS
Industry Performance By The Numbers (3Q 2015)
A breakdown of the industry's financial performance and impact in third quarter 2015.
3 Takeaways From Trendwatch 3Q 2015
Third quarter performance data showcases credit union successes in lending and shares.
By: Rebecca Wessler
Third Quarter 2015 Industry Performance
As of November 18, more than 6,000 credit unions are reporting in Callahan & Associates' FirstLook program. Learn by how much the industry has grown its assets, loans, shares, and members.
By: Stephanie Clark
Auto Lending Booms; Indirect Grows As A Channel Of Choice
Indirect lending fuels double-digit growth in the auto portfolio.
By: Sam Taft
3 Things To Know About Shares In Third Quarter 2015
After two years of a slow go, share growth tops 5.8%.
By: Stephanie Clark
Total Loan Balances Reach $780 Billion In Third Quarter 2015
Credit unions post double-digit growth in first mortgage, auto, MBL, and student lending.
By: Janet Lee
IBM Southeast Employees' Posts Share Draft Penetration 43.1% Higher Than The Industry Average
Membership at the Florida credit union declined slightly while the number of share draft accounts increased.
By: Stephanie Clark
How Do You Compare?
Visit Search & Analyze on CreditUnions.com to view profiles and scorecards, build peer groups for performance comparisons, and more.
REPORTS FOR 3Q 2015
The Consolidated 2-Year Credit Union Financial Statement (3Q 2015)
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.
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:
Log into Peer-to-Peer.
Go to "Settings."
Select "XML 5300 Upload."
Follow the prompts.
Begin your analysis.