Credit Unions Continue to Lead Other Financial Institutions in Asset Growth

For the past five years, credit unions have outpaced banks and thrifts in asset growth. Find out how credit unions have recently performed in this area and where they stand in terms of total assets and return on assets compared to their peers.
Over the past five years, credit unions have held a steady lead in asset growth over banks and thrifts. Credit unions have had a 5 year compound growth rate of 10.17% while banks and thrifts had rates of 7.23% and 9.07% respectively. The last twelve months were no different. Although both banks and thrifts had double-digit asset growth, credit unions increased their rate to 12.3%.

 
 

Over the past five years, credit unions have held a steady lead in asset growth over banks and thrifts. Credit unions have had a 5 year compound growth rate of 10.17% while banks and thrifts had rates of 7.23% and 9.07% respectively. The last twelve months were no different. Although both banks and thrifts had double-digit asset growth, credit unions increased their rate to 12.3%.

In terms of total assets, credit unions continue to have a small share of the market. Financial institutions hold over $9 trillion in assets. Credit unions hold 6.4% of these assets, or $612 billion. Despite having a small portion of the assets, there are still more credit unions than banks and thrifts combined.

 

 

 

Sept. 15, 2003


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