Highlights From Third Quarter 2015 Industry Performance

Learn by how much the industry has increased its asset base, loans, shares, member relationships, and more.
Stephanie Clark

As of Nov. 18, 2015, 6,092 credit unions representing 99.95% of industry assets are reporting as part of Callahan & Associates Firstlook program. Assets for these credit unions have increased 6.1%, topping $1.2 trillion in the third quarter. What’s more, credit unions lent more than $1 billion every day during the third quarter, and total loan balances have reached an all-time high of $778.7 billion.

Other notable industry trends:

  • Loans: The credit union loan portfolio has increased 10.8% annually, the highest third quarter growth rate since 2005. Loan originations are up 18.2% year-over-year and topped $310.7 billion in September 2015. A 41.2% annual growth rate in first mortgages underscores strong origination activity across the board.
  • Shares: Share balances increased 6.3% annually and topped $1.0 trillion as of September 2015. Loan growth outpaced share growth by 4.5 percentage points, driving the loan-to-share ratio up 3.4 percentage points to 77.4%. That’s the highest since June 2009 when it was 77.5%. Core deposits expanded to an all-time high of $506.9 billion and now comprise 55.4% of the share portfolio.
  • Members: Membership expanded 3.7% annually and topped 103 million as of September 2015.
  • Relationships: The average member relationship hit a record high of $16,753 as of September 201. Credit card and auto penetration increased 60 basis points and one percentage point, respectively. Credit unions posted record high share draft penetration of 55.1%.
  • The Bottom Line: Despite a steady interest rate environment, total income soared 7.0% year-over-year to $41.1 billion as of September 2015. This is the highest third quarter income reported since September 2009, when it was $40.3 billion.

Need more data? Read 3 Takeaways From Trendwatch 3Q 2015 and check out more FirstLook analysis.

November 18, 2015

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