Newsroom
Q3 CU shares up 6.8%, membership hits 110M
Federally-insured credit unions saw share growth of 6.8 percent, year over year, through the third quarter of 2017 as membership also grew to 110.5 million, according to call report data released today by the NCUA.
The NCUA's third-quarter data shows credit union membership growth of 4 percent versus a year ago; and loan growth of 10.6 percent, also year over year.
NAFCU President and CEO Dan Berger said the third-quarter 2017 call report data demonstrates that credit unions are providing invaluable financial products and services to millions of Americans across the country.
"The third-quarter data reveals the great benefits credit unions provide to their members, communities and the nation's economy as a whole," Berger said. "Credit unions continue to see growth because those in their communities see what a tremendous focus they place on delivering superior support and products to their members."
Here are highlights of the NCUA's 2017 third-quarter call report data:
- Membership in federally-insured credit unions rose 4 percent, up 4.3 million members from a year ago.
- Assets grew 6.8 percent to $1.36 trillion, up from $1.28 trillion a year ago.
- Lending grew 10.6 percent to $937 billion, up from $847 billion a year ago.
- Deposits (shares) grew 6.8 percent to $1.15 trillion, up from $1.08 trillion a year ago.
- The industry's loan-to-share ratio increased 2.8 percentage points from a year ago to 81.4 percent.
- Credit union net income totaled $10.5 billion annualized through the third quarter, up 7.8 percent from the third quarter of 2016.
- Net worth grew 7.2 percent to $149 billion, up from $139 billion a year ago.
Share This
Related Resources
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
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.