Wednesday, December 20, 2017

Credit Union Trends Report: December 2017

Our December 2017 Credit Union Trends Report is now available. Highlights include:

-During October, credit unions picked up 215,000 in new memberships.

-The nation's credit unions increased their loan portfolios by 0.9 percent in October, faster than the 0.7 percent pace reported in October 2016.

-Credit unions now make up 11 percent of the overall consumer credit market, up from 10.5 percent one year ago.

-At the end of October, CUNA's monthly estimates reported 5,815 credit unions in operations, down 34 credit unions from one month earlier.