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Q3 CU Industry Trends reveals member, loan growth
NAFCU's third-quarter CU Industry Trends report reveals strong member and loan growth throughout 2017, though share growth has moderated slightly. The report was sent to member credit unions Monday; it includes new state-level maps highlighting state averages of select performance measures.
NAFCU's CU Industry Trends 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 Trends report shows that growth rates are improving for the smallest credit unions but remain far below those of other peer groups. Home equity loan originations are up over 15 percent from a year prior, and loan growth at federally-insured credit unions (FICUs) neared 11 percent in the third quarter; banks' loan growth continued to fall below 5 percent.
Last week, the NCUA released its third-quarter data on the credit union industry, showing that FICUs saw share growth of 6.8 percent, year over year, and membership grew to 110.5 million.
NAFCU member credit unions can also expect to receive the third-quarter CU Performance Benchmark and Operating Expense reports later today. These reports provide credit unions with individualized financial performance and expense analyses based on the most recent call report data.
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