Credit Union Savings Market Share Outpaced Banks and S+L's over last 10 years

Since 1991, credit union market share has increased from 6.9% to 11.2% of all insured savings. Check out the market share data!The past decade has shown a dramatic rise in credit unions' percentage of insured savings market share. Although average asset growth rates for credit unions have fluctuated in recent years, the general trend of the past two decades has been that of credit unions systematically outpacing banks in growth.

 
 

The past decade has shown a dramatic rise in credit unions' percentage of insured savings market share. Although average asset growth rates for credit unions have fluctuated in recent years, the general trend of the past two decades has been that of credit unions systematically outpacing banks in growth.

Figure A below indicates that at year-end 1991, NCUA insured only 6.9% of savings throughout the financial services industry. By year-end 2001, that number had risen to 11.2%, a dramatic 62% increase in credit unions' market share. In contrast, banks' market share, as measured by the Bank Insurance Fund (BIF) remained steady at 66.6%, and savings and loans' share as measured by the Savings Association Insurance Fund (SAIF), dropped from 26.4% to 22.2%.

 

 

 

Sept. 16, 2002


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  • not interested tgtggr
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  • not enough info on subject (credit uniond vs. banks)
    Anonymous