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Membership Growth Remains Strongest in Larger Credit Unions

NCUA data shows third quarter of 2017 saw credit union membership continue to be strongest in larger institutions. At the median, membership growth was unchanged over the year.
Arizona (2.5%) had the highest median membership growth rate over the year ending in the third quarter of 2017, followed by Washington (2.4%). At the median, membership declined the most in the District of Columbia (-1.8%), followed by Pennsylvania (-1.2%).
Overall, 50% of federally insured credit unions had fewer members at the end of the third quarter of 2017 than a year earlier. Median membership growth was negative in 22 states. About 75% of credit unions with declining membership had assets of less than $50 million.

Comments

  1. UnknownDecember 26, 2017 at 12:32 PM

    Yes, data points to the fact that the larger CU's are increasing members due to Indirect Auto Loans, however, only a tiny fraction of those members are engaged/active members. Smaller CU's are losing members and member auto loans to the internet and dealers. This is why Auto Link was created...to help CU's increase member engagement and make more auto loans.

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