Newsroom
December 05, 2016
3Q CU membership passes 106M
NCUA call report data shows credit union membership rose 1.3 percent during the third quarter of this year, passing the 106 million mark.
NAFCU President and CEO Dan Berger said the data, released Monday by the NCUA, shows how credit unions are continuing to build strong relationships with consumers.
"The third-quarter data indicates that consumers continue to value credit unions' business model of putting members first," said NAFCU President and CEO Dan Berger. "Main Street credit unions continue to attract consumers who value the difference between credit unions and Wall Street. Extraordinary member service and top-notch products and services underscore the credit union value proposition and continue to attract new members to the industry."
The number of federally insured credit unions declined by 246 over the past 12 months.
Here are highlights of NCUA's 2016 third-quarter call report data:
∙ Credit union membership grew more than 1.3 million during the third quarter of 2016, totaling 106.2 million.
∙ Credit union assets, year over year, were up $96.9 billion, or 8.2 percent, totaling $1.28 trillion.
∙ Shares were up 1.8 percent in the quarter, totaling $1.08 trillion.
∙ Total loans increased 2.9 percent during the quarter, totaling $847 billion.
∙ The loan-to-share ratio increased 0.8 percentage points to 78.6 percent.
∙ The average net worth ratio remained at 10.85 percent in the third quarter, which is a 14 basis point decline from a year ago.
NAFCU President and CEO Dan Berger said the data, released Monday by the NCUA, shows how credit unions are continuing to build strong relationships with consumers.
"The third-quarter data indicates that consumers continue to value credit unions' business model of putting members first," said NAFCU President and CEO Dan Berger. "Main Street credit unions continue to attract consumers who value the difference between credit unions and Wall Street. Extraordinary member service and top-notch products and services underscore the credit union value proposition and continue to attract new members to the industry."
The number of federally insured credit unions declined by 246 over the past 12 months.
Here are highlights of NCUA's 2016 third-quarter call report data:
∙ Credit union membership grew more than 1.3 million during the third quarter of 2016, totaling 106.2 million.
∙ Credit union assets, year over year, were up $96.9 billion, or 8.2 percent, totaling $1.28 trillion.
∙ Shares were up 1.8 percent in the quarter, totaling $1.08 trillion.
∙ Total loans increased 2.9 percent during the quarter, totaling $847 billion.
∙ The loan-to-share ratio increased 0.8 percentage points to 78.6 percent.
∙ The average net worth ratio remained at 10.85 percent in the third quarter, which is a 14 basis point decline from a year ago.
Share This
Related Resources
Add to Calendar 2024-04-23 14:00:00 2024-04-23 14:00:00 Monitoring the Latest Litigation Risks Credit unions’ operations pose litigation risks, with more of these cases being filed as class action lawsuits. In this Monitoring the Latest Litigation Risks for Credit Unions webinar, you’ll review some of the specific kinds of lawsuits impacting credit unions and what potential claims could be on the horizon. You’ll also examine some options for mitigating risks. Key Takeaways Review the current lawsuit trends. Understand the potential claims risks Explore options for mitigating risks. Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 23, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCRMs will recieve 1.0 CEUs for participating in this webinar NCCOs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Monitoring the Latest Litigation Risks
Credits: NCCO, NCRM
Webinar
Resiliency In Your Incident Response Plan
Cybersecurity
preferred partner
DefenseStorm
Blog Post
The Bottom Line on Insurance Tracking and Collateral Protection
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-04-15 09:00:00 2024-04-15 09:00:00 Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs Listen On: Key Takeaways: [03:50] With the merger of a smaller credit union into a larger one you are really only dealing with integrating staff into the larger credit union. [05:53] When working with a merger of equals we start with a deep dive into the executive compensation and benefits of each organization. [09:09] If your current executive benefits provider doesn’t conduct regular plan evaluations, consider having a plan audit anyway. [13:46] Don’t overpay for these things if you don’t have to. When you have more options available that means the cost is more appropriate. [17:11] It is in a unified organization’s best interest to do tier timelines where we look at your top executives who are critical to the unified organization’s success today and then slowly add in the next levels. Web NAFCU digital@nafcu.org America/New_York public
Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs
preferred partner
Gallagher
Podcast
Get daily updates.
Subscribe to NAFCU today.