Credit unions enjoy continued momentum in member growth, share draft growth, and lending in the first quarter of 2012.
- Since January 1, 2012 credit unions added 710,000 members, a figure 62% higher than the 439,000 gained in the fourth quarter.
- Credit union members opened 2.5 million checking accounts in the past 12 months ended March 31.
- Share balances increased 6.7% over the last 12 months, led by a 16% increase in share draft balances.
- Credit unions originated $72.5 billion in loans in the first three months of 2012, a 25% increase over 2011 levels. This was the highest first quarter on record for the industry.
Get the full picture of how credit unions performed during the first quarter of 2012 in Callahan & Associates The Quarterly Report: 1Q 2012 and Consolidated Financial Statement.
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| Click the image above for The Quarterly Report: 1Q 2012 |
Click the image above for the Consolidated Financial Statement |
Related Resources:
- Download a copy of Callahan’s 1Q12 Trendwatch Slides.
- Watch Callahan’s 8-minute highlights reel of Callahan’s 1Q12 Trendwatch.
- Watch the Callahan’s 1Q12 Trendwatch Call in its entirety on-demand.
- Upload the Trendwatch graphs into your Peer-to-Peer software (get more information about Peer-to-Peer’s custom graphing and sharing capabilities).
