Newsroom

September 03, 2015

CU membership passes 101M mark

NAFCU President and CEO Dan Berger lauded NCUA's second-quarter 2015 call report data, released on Thursday, which showed that credit union membership has surpassed 101 million.

"The NCUA's second-quarter call report data confirms that more and more people are recognizing credit unions' value," said Berger. "Credit unions' exceptional member service, competitive rates, low fees and low-cost, high-quality loans are a formula for success for their members and our nation's economic growth."

The call report data also showed the following:

  • Credit union membership was up by more than 3 million, year over year. For the second quarter of 2015, credit union membership increased to 101,084,138.
  • Deposits (shares) grew by 4.9 percent, year over year, to $986.8 billion, with the loan-to-share ratio increasing 3.9 percentage points from last June.
  • Assets increased 5.9 percent, year over year, to $1.17 trillion, up from $1.1 trillion a year ago.
  • Net worth increased 7.4 percent, year over year, to $127.6 billion, up from $118.8 billion a year ago.
  • Delinquencies and net charge-offs were lower than they were a year ago.
  • Total loans increased 10.6 percent, year over year, to $745.2 billion and member business lending rose by 2.9 percent for the quarter and 11.2 percent, year over year.