ALEXANDRIA, Va. (March 5, 2018) – Data on the financial performance of federally insured credit unions in the quarter ending Dec. 31, 2017, are now available from the National Credit Union Administration.
Q4 2017 Credit Union System Performance Data
The number of federally insured credit unions declined to 5,573 in the fourth quarter of 2017 from 5,785 in the fourth quarter of 2016. In the fourth quarter of 2017, there were 3,499 federal credit unions and 2,074 federally insured, state-chartered credit unions. The year-over-year decline is consistent with long-running industry consolidation trends.
NCUA makes detailed credit union system performance data available on its Credit Union and Call Report Data webpage, including Call Report quarterly summaries and financial performance reports. The agency’s Industry Data page includes a Financial Trends in Federally Insured Credit Unions package illustrating industry trends.
The NCUA has made changes to the quarterly data report to reflect changes in the information collected from credit unions as a result of the agency’s modernization of its member-business lending rule in 2016. A detailed explanation of those changes is available online here.
Comments
Post a Comment
Please no profanity or political comments.