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%.