Follow The Leaders: Shares, Branches, Credit Cards, And More

Five can’t-miss data points this week on CreditUnions.com.

This week and last, CreditUnions.com has showcased the credit union leaders in a wide variety performance metrics nearly 40 in total.

This week, we dive into shares, delivery channels, MBLs, investments, and credit card metrics.

Here are five can’t-miss data points for the week:

8.1%

Strong share growth at U.S. credit unions continued into the second quarter of 2017. Annual growth at mid-year topped 8.1%, 16 basis points higher than the second quarter of 2016.

In Credit Union Leaders In 5 Shares Metrics, see how U.S. credit union’s stack up in total members, 12-month share growth, 5-year share growth, average share balance, share draft penetration, and dividend payout.

21,012

Credit unions reported a net increase of 35 branches in the past year and operated 21,012 branches nationwide as of June 30, 2017. The credit union membership base expanded 4.3% year-over-year to 110.6 million. With membership growth outpacing branch growth, credit unions served 204 more members per branch as of mid-year than in 2016. For second quarter 2017, credit unions served an average of 5,265 members per branch.

In Credit Union Leaders In 3 Delivery Channel Metrics, see how U.S. credit union’s stack up in branch and ATM network, members per branch, and online banking penetration. ContentMiddleAd

16.7%

Member business loan balances at credit unions reached $65.8 billion as of June 30, 2017. MBLs expanded 16.7% over the past 12 months and are one of the fastest-growing loan segments in the credit union loan portfolio.

In Credit Union Leaders In 3 Member Business Lending Metrics, see how U.S. credit union’s stack up in 12-month MBL growth, MBLs outstanding, and SBA loans outstanding.

$384.5 Billion

The credit union industry’s investment portfolio increased 1.6% year-over-year, with investments totaling nearly $384.5 billion at the end of second quarter 2017. Investment growth at credit unions has been positive for four out of the past six quarters; however, the tepid growth in the recent second quarter is indicative of credit unions’ continued focus on their lending operations.

In Credit Union Leaders In 3 Investment Metrics, see how U.S. credit union’s stack up in investments-to-assets, average investment yield, and borrowings-to-assets.

11

Total credit card balances at credit unions nationwide rose 8.1% year-over-year to top $53.6 billion as of June 30, 2017. Annual balance growth has surpassed 7.0% in five of the past six quarters, and second quarter 2017 growth was the highest of the past 11 quarters. Credit cards accounted for 5.8% of the $923.2 billion credit union loan portfolio at mid-year.

In Credit Union Leaders In 4 Credit Card Metrics, see how U.S. credit union’s stack up in 12-month credit card loan growth, average credit card balance, credit card concentration, and credit card penetration.

Happy Reading!

January 1, 2018

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