Wednesday, March 12, 2014

Bifurcated Performance

At the end of 2013, large federally insured credit unions are doing well financially, while small credit unions under $10 million in assets as a group are struggling.

The 426 credit unions with more than $500 million in assets held $716 billion in combined assets or 67 percent of industry's total assets at the end of 2013.

These large credit unions reported a higher return on average assets than credit unions as a whole. They also reported stronger growth in net worth, deposits (shares), loans, and membership.

On the other hand, the 2,181 credit unions with under $10 million in assets had less than one percent of the industry's assets. They posted a negative return on average assets for 2013. The growth rate of net worth for these credit unions fell during 2013, as did membership, assets, and deposits.

No comments:

Post a Comment


The content is provided for educational purposes only, with the understanding that neither the authors, contributors, nor the publishers of this site are engaged in rendering legal, accounting or other expert or professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

Comments appearing in response to articles appearing on this site do not necessarily reflect the views of the ABA. ABA makes no representations regarding the truth or accuracy of commentary or opinions that may be posted in response to the articles that appear on this website.

The inclusion herein of any link to a website, either in the text of an article or in a comment, does not denote any approval, sponsorship, or endorsement by the ABA, and ABA is not responsible for the content or opinions expressed on those linked websites or related commentary. This content is not licensed to third parties sites and is not affiliated with any third party site. Any reference to the author or this content on any third party site on the Internet is not authorized by the ABA.

It is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that contain competitively sensitive data such as price and cost information, or statements that could be construed as reflecting an attempt or desire to control or influence a particular market or markets. Future pricing or other prospective competitive information should never be shared.