The credit union industry posted a 4.7% share growth or an increase of $41.1 billion over the past year to reach $ 921.5 billion as of June 2013. This growth was fueled by the growth in core deposits regular shares, share drafts, and money market shares. While share growth is not as strong as it had been during the recession, but credit unions continue to have a steady and healthy influx of deposits.
Among credit union over $20 million in assets that did not have significant mergers over the past year, Darden Employees ($35.2M, Orlando, FL) boasted the highest 12-month share growth as of June 2013, with its shares jumping up 35.0% to $31.5 million. Two Texas-based credit unions, Pioneer Muslim ($73.8M, Sugar Land, TX) and County & Municipal Employees ($45.4M, Edinburg, TX), ranked second and third with 30.5% and 30.4% in annual share growth, respectively.
LEADERS IN ANNUAL SHARE GROWTH
Data as of June 30, 2013 For Credit Unions Over $20M In Assets | Excluding Significant Mergers
Callahan & Associates | www.creditunions.com
|Credit Union||State||Annual Share Growth||Total Shares||Total Assets|
|3||COUNTY & MUNICIPAL EMPLOYEES||TX||30.42%||$39,664,385||$45,355,166|
|4||UNIVERSITY OF IOWA COMMUNITY||IA||30.31%||$1,590,637,072||$1,992,892,349|
|5||NAVY ARMY COMMUNITY||TX||30.05%||$1,696,256,035||$1,872,488,373|
Source: Callahan & AssociatesPeer-to-Peer Analytics
Callahan & Associates 2014 Directory