The average credit union is the tenth the size of a bank, but credit unions were growing twice as fast in the second quarter, according to Callahan & Associates' quarterly Trendwatch report.
Credit unions gained market share across the board from automobiles to real estate, and added members at their fastest rate since 2009.
Credit unions had 111.7 million members in June, including 1.3 million added since March and 4.6 million added in the previous 12 months, according to CUNA Mutual Group's monthly Credit Union Trends Report released Wednesday.
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:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 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.
