Credit unions in western states continued leading the nation in asset and membership growth last year, accounting for more than one in four new members.
Alaska, Arizona, California, Guam, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington had 23.4 million members as of Sept. 30, an increase of 5.4%, or 1.2 million members, in the previous 12 months. Membership rose 3.6% to 88 million in the other four NCUA regions.
Likewise, the NCUA's western Region 5 assets grew 8.6% to $338.5 billion, while assets elsewhere rose 6.1% to $1 trillion.
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.
