June 2018 Credit Union Trends Report

The number of credit unions is declining, according to the CUNA Mutual Group trends report

The June 2018 Credit Union Trends Report is now available. Highlights are below as well as a link to the full report.

  • Year-over-year, the number of credit unions declined by 233, more than the 178 lost in the 12 months ending in April 2017.
  • Credit union loan balances rose 1.1% in April, greater than the 0.9% pace reported in April 2017 and 3.4% year-to-date.  
  • Credit union return-on-asset ratios averaged 0.9% in the first quarter of 2018, above the 0.71% reported in the first quarter of 2017, due to NCUA’s $736 million Stabilization Fund dividend distribution.

Read the full report Here