Wednesday, September 14, 2016

Half of CUs Report Fewer Members Compared to a Year Ago

While overall credit union membership continued to grow during the year ending in the second quarter of 2016, 50 percent of federally insured credit unions reported fewer members compared to a year ago.

Declining membership was concentrated among smaller credit unions. Approximately 75 percent of credit unions with declining membership had assets of less than $50 million.

Eighteen states had more credit unions with fewer members at the end of the second quarter compared to a year ago. At the median, Pennsylvania reported the largest annual membership decline at -1.6 percent.

Also, at the median, four states reported zero membership growth.

Below is a table showing the median year-over-year membership growth rate by state for those states that reported zero or negative membership growth.

Read the press release.

Read the report.

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