Source: Shutterstock.
Cue the drumroll … historic deposit growth across all asset size groups since 2019 has rolled forward into 2022. The NCUA's Quarterly Data Summary reported that total industry deposits at March 31 reached $1.85 trillion, up 9.3% year over year – and by a startling 40.3% since 2019. These funds have been deployed largely into loan portfolios just as net interest margins return to a more normal range. Member satisfaction metrics are off the charts.
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.
