Search
 

Some Billion Dollar Credit Unions Report Membership Declines

MADISON, Wis. -- Even as membership gains continued into the spring, more than two dozen billion dollar credit unions that are among those that hold 25% of the industry's assets reported declines in the first quarter.

By Michelle A. Samaad | Updated on June 16, 2008

MADISON, Wis. — Even as membership gains continued into the spring, more than two dozen billion dollar credit unions that are among those that hold 25% of the industry’s assets reported declines in the first quarter.

According to CUNA Mutual Group’s latest Credit Union Trends Report, which cites data from CUNA statistics, 3,721 credit unions reported year-to-date drops in membership. These credit unions account for 25% of assets at the end of the first quarter. The group also includes 27 of the 132 billion dollar credit unions, said Dave Colby, chief economist at CUNA Mutual.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.