CU Industry Trends, benchmark, op expense reports out for Q2
NAFCU's second-quarter CU Industry Trendsreportshows uninterrupted, strong membership and loan growth at credit unions during the second quarter. Loan growth reached nearly 11 percent in the second quarter. The report was sent to member credit unions Friday.
NAFCU's research team on Friday also released the Q2 CU Performance Benchmark and Operating Expensereports. These reports provide credit unions with individualized financial performance and expense analyses based on the most recent call report data.
NAFCU's CU Industry Trends report is a member-only quarterly report of the latest trends among credit unions. It's designed as a benchmarking tool to help credit unions compare themselves with their peers and remain competitive in the marketplace. The report delivers key trends based on NCUA data, both at the industry level and broken down by region, state and asset class.
The Trendsreport shows continued strength in loan growth and performance for the second quarter. Growth in first mortgages and other real estate loans remained strong as credit unions' market share of first mortgage originations continued its steady climb toward 8 percent.
Last week, the NCUA released its second-quarter dataon the credit union industry, showing that federally insured credit unions saw share growth of 8.2 percent, year over year, as membership grew to 109.3 million.
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