June 10, 2014

CU Industry Trends displays 1Q strengths

June 11, 2014 – The first-quarter boom in credit union membership and lending growth is detailed in NAFCU's CU Industry Trendsreport, released Tuesday.

The report shows the following top trends:

  • membership growth up 2.75 percent year over year, its highest level in more than a decade;
  • loan growth up 8.81 percent year over year, its highest since 2010 and including upticks in member business lending, auto lending and "other" real estate loans;
  • credit quality continuing to improve, with loan delinquency and charge-off ratios down to 0.81 percent and 0.54 percent, respectively.

Nationally, credit unions' loan-to-share ratios averaged 69.2 percent as of this March 31, up from 65.9 percent a year earlier. First mortgages were down 17.4 percent year over year.

State-by-state data are also provided for membership growth, share growth, loan growth and key ratios. Growth trends are distributed across all states where a credit union has branches, not just the state where it is headquartered.