The National Credit Union Administration (NCUA) reported that over half of the country's federally insured credit unions saw a year-over-year drop in membership at the end of 2015.
Overall, 52 percent of federally insured credit unions had fewer members at the end of the fourth quarter of 2015 than a year earlier. The median membership growth rate for federally insured credit unions in the United States was negative 0.2 percent.
The report noted that credit unions with falling membership tend to be small; about 75 percent had less than $50 million in assets.
In 20 states, more than half of the federally insured credit unions reported a negative membership growth rate. Pennsylvania credit unions had the worst median membership growth rate at minus 2.1 percent.
Read the report.
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The Eastman cu CEO "TC efficiency ratio" is 23.5%.
ReplyDeleteTC is "total comp" and efficiciency ratio is TC divided by total cu net income.
Would love to see this for state chartered cu CEOs bc federal not available.
This is a story when you look at a Blaine or Mooney versus Maus, Eastman, bland, Halleck, others.
Once you do this, the story is not only within the credit unions but versus banks.
Love to see CUNA try to spin the TC efficiency ratio of Halleck compared to Blaine or JDimon at jpmorgan...
...alongside typical cu garbage about banks being piggish.