State In The Spotlight: Florida
Florida credit unions reported year-over-year growth in deposits and loans in addition to reporting the highest share draft penetration of any state in the nation.
Florida credit unions reported year-over-year growth in deposits and loans in addition to reporting the highest share draft penetration of any state in the nation.
Total assets at credit unions reached a record high of $1.5 trillion at year-end despite a drop in the number of institutions.
The economic landscape looks much different today than it did 10 years ago. How have credit unions navigated the changes in the larger economy?
Cash and investment balances at credit unions fell 5.4% year-over-year, however, investment yields reached the highest third quarter level since September 2010.
Credit card balances were up 8.4% annually to $59.9 billion as of Sept. 30, 2018.
Total loans at U.S. credit unions increased 9.5% in the third quarter of 2018 and reached an all-time high.
Maine credit unions reported strong loan growth in the third quarter of 2018. Member relationships in the state strengthened as credit unions reported growth in both average share and loan balances.
Deposit balances were on the rise as annual growth hit 5.0% in the third quarter of 2018.
New members as well as new relationships grew at U.S. credit unions in the third quarter of 2018.
Better understand how to serve different generations with this guide from Callahan & Associates.

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