Over the next two weeks, CreditUnions.com will showcase the credit union leaders in a wide variety performance metrics nearly 40 in total.
This week, we dive into member, auto lending, productivity, mortgage, and earnings metrics.
Here are five can’t-miss data points for the week:
110.6 Million
Credit union membership exceeded 110 million in the second quarter of 2017, and the movement wrapped up June with 110.6 million members. This is a 1.2% increase over first quarter and a 4.3% increase year-over-year.
In Credit Union Leaders In 4 Member Metrics, see how U.S. credit union’s stack up in total members, 12-month member growth, 5-year member growth, and average member relationship.
$321.4 Billion
On a positive note, credit union auto lending performance remains strong. Annual growth of 16.3% in the new auto segment underpinned a 13.6% year-over-year increase in total auto balances, which hit $321.4 billion as of mid-year. The rate of growth, however, is a mixed bag.
In Credit Union Leaders In 3 Auto Lending Metrics, see how U.S. credit union’s stack up in 12-month auto loan growth, auto loan penetration, and auto loan concentration. ContentMiddleAd
287,656
The credit union industry hit a new high in the size of its workforce. The movement added more than 10,000 full-time employees from June 30, 2016, to June 30, 2017, an annual increase of 3.8% that pushed the employment rolls to 287,656 full-time equivalents.
In Credit Union Leaders In 5 Productivity Metrics, see how U.S. credit union’s stack up in salaries & benefits per employee, assets per employee, members per employee, revenue per employee, and loan originations per employee.
9.5%
Real estate loan balances outstanding at credit unions increased 9.5% year-over-year to reach $456.6 billion as of June 30, 2017. First mortgages accounted for $375.7 billion of those balances outstanding and represented 82.3% of the credit union real estate lending portfolio.
In Credit Union Leaders In 4 Real Estate Metrics, see how U.S. credit union’s stack up in 12-month first origination growth, real estate loan concentration, year-to-date first mortgage originations, and mortgage servicing portfolios.
$31.7 Billion
Total operating revenue reached $31.7 billion in the first half of the year; that’s an increase of 8.8% over the first six months of 2016. This continued the recent trend of accelerating revenue growth for credit unions.
In Credit Union Leaders In 4 Earnings & Capital Metrics, see how U.S. credit union’s stack up in return on assets, Net Worth-to-assets, service revenue-to-assets, and efficiency.
Happy Reading!