Newsroom

Back to the Newsroom
March 05, 2018

CU loans up 10.1% in 2017, membership hits 111M

Federally-insured credit unions saw loan growth of 10.1 percent, year over year, through the fourth quarter of 2017 as membership also grew to 111.3 million, according to call report data released yesterday by the NCUA.

The NCUA's fourth-quarter data shows credit union membership growth of 4.2 percent versus a year ago; and share growth of 6.1 percent, also year over year.

NAFCU President and CEO Dan Berger said the strong fourth-quarter 2017 call report data highlight the superior services of credit unions.

"The benefits of the safe, affordable financial products and services credit unions offer to millions of Americans are reflected in these fourth-quarter data," Berger said. "Credit unions continue to see growth because their members see results."

Here are highlights of the NCUA's 2017 fourth-quarter call report data:

  • Membership in federally-insured credit unions rose 4.2 percent, up 4.5 million members from a year ago.
  • Assets grew 6.7 percent to $1.38 trillion, up from $1.29 trillion a year ago.
  • Lending grew 10.1 percent to $957 billion, up from $869 billion a year ago.
  • Deposits (shares) grew 6.1 percent to $1.16 trillion, up from $1.09 trillion a year ago.
  • The industry's loan-to-share ratio increased 3 percentage points from a year ago to 82.6 percent.
  • Credit union net income totaled $10.4 billion during 2017, up 9.2 percent from 2016.
  • Net worth grew 7.3 percent to $151 billion, up from $141 billion a year ago.

Related Resources

Add to Calendar 2024-05-13 09:00:00 2024-05-13 09:00:00 Covering Your Assets- The Bottom Line on Tracking and Collateral Protection Listen On: Key Takeaways: [04:23] Having access to policy and claim information is vitally important so you can mitigate your risks in that area. [06:39] Members are shopping and changing their insurance more than ever before. 41% of households with car insurance shopped for coverage at least once in the last 12 months. [10:05] One of the leading indicators of a default or a repossession situation is the dropping of insurance. [12:49] The most important thing from a tracking and risk management perspective is to make sure that the borrower lists the credit union as a lienholder. Web NAFCU digital@nafcu.org America/New_York public

Covering Your Assets- The Bottom Line on Tracking and Collateral Protection

Strategy & Growth, Consumer Lending

preferred partner
Allied Solutions
Podcast
Add to Calendar 2024-05-07 14:00:00 2024-05-07 14:00:00 BSA Training for the Board of Directors This webinar, BSA Training for the Board of Directors provides vital training with a comprehensive overview of the Bank Secrecy Act (BSA), anti-money laundering (AML) and combatting the financing of terrorism (CFT) compliance requirements. You’ll explore the ramifications of non-compliance and gain insights into the expectations and requirements set forth by the National Credit Union Administration (NCUA). This includes discovering how board engagement plays a pivotal role in fostering a robust BSA/AML compliance program within your credit union. Don’t miss this opportunity to equip your board with the knowledge and insights needed to navigate the regulatory landscape effectively. Key Takeaways Identify BSA/AML compliance requirements Review board member duties as it relates to BSA/AML compliance Examine current regulatory actions that may impact your credit union   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 May 2, 2025Go to the Online Training Center to access the webinar after purchase »   Who Should Attend Board members Board chairs and vice chairs Supervisory committee members Presidents/CEOs Executive assistants Education Credits NCRMs will recieve 1.0 CEUs for participating in this webinar NCCOs will recieve 1.0 CEUs for participating in this webinar NCBSOs will recieve 1.0 CEUs for participating in this webinar NCVEs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public

BSA Training for the Board of Directors

Credits: NCCO, NCBSO, NCRM, NCVE

Webinar
Add to Calendar 2024-05-06 14:00:00 2024-05-06 14:00:00 Overview of Regulation CC Join us for this webinar, Overview of Regulation CC, and you’ll delve into the intricacies of the Expedited Funds Availability Act and Regulation CC. This includes gaining invaluable insights on effectively implementing funds availability requirements, navigating the process of placing holds on deposited items and crafting comprehensive disclosures for your members. Don't miss this opportunity to enhance your understanding of regulatory compliance in the financial landscape. Key Takeaways Know the funds availability requirements Learn what must be included in disclosures Comprehend extended holds   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 18, 2025Go to the Online Training Center to access the webinar after purchase »   Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public

Overview of Regulation CC

Credits: NCCO, NCRM

Webinar
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public

Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing

preferred partner
Pentegra
Webinar