Membership at U.S. credit unions increased 2.3% in 2024 to reach a record 143.9 million members as of Dec. 31, this despite a strategic pullback from indirect lending and certificate specials. This shift in focus toward serving core members comes at an opportune time — consumer sentiment remains relatively suppressed after hitting a decades-low mark in 2022 and inflation climbed to a decades-high. Credit union performance reports and quarterly performance coverage from Callahan & Associates provide crucial insights into navigating challenges and identifying opportunities.
Credit Union Performance Reports
Callahan’s Market Snapshot and Two-Year Financial Statement equip credit union leaders with the tools they need to be more informed stewards of members’ money during these changing times.
Want a closer look? Download the full report here.
Quarterly Performance Webinar
Fourth Quarter Insights Available On Your Schedule: Members need hope and stability in uncertain times — credit unions delivered that and more in 2024. Despite a challenging environment, membership, loans, shares, and capital all grew. That bodes well for 2025. Watch it now.
Quarterly Performance Coverage
5 Takeaways From Trendwatch: With shares outpacing loans and indirect lending bringing in fewer members, credit unions focused on what they do best in the fourth quarter: serving core members. Read more.
A Year In Review And What Lies Ahead For Credit Unions In 2025: The cooperative industry has shown much resiliency in today’s shifting economic landscape. That sets a strong precedent for weathering whatever might come. Read more.
Credit Unions Deliver Impact. Members Are Here For It.: Better rates, lower fees, and steadfast community presence are returning real financial results for the credit union movement. Read more.
Credit Unions Are Poised For Resilience Despite Challenges: Credit union revenue surged amid rising interest rates but is now facing headwinds as loan growth slows, expenses climb, and asset quality weakens — making strategic financial management crucial for sustaining future earnings. Read more.
Asset Quality Is Worsening, But Now Is Not The Time To Pull Back From Lending: Delinquency and charge-offs are up for credit unions. Does that spell trouble, or is it an opportunity to help members in need? Read the report.
Let’s Review Your Year-End Performance Together. Join Callahan for a complimentary 1:1 session to analyze your performance reports using key insights from Trendwatch 4Q24. We’ll benchmark your credit union against two to three peer groups of your choice and provide a detailed report of our findings at the end of the session to help your team make informed strategic decisions. Request now.
See You Next Quarter! CreditUnions.com updates this page with the freshest FirstLook credit union data every quarter, so don’t forget to come back for insights into the first quarter of 2025.
