Monday, September 18, 2017

Half of CUs Report Declining Year-over-Year Membership

The National Credit Union Administration reported that 50.3 percent of federally insured credit unions had fewer members at the end of the second quarter of 2017 than a year earlier.

At the median, the membership growth rate was negative one-tenth of a percent.

In 23 states, more than half of the credit unions had fewer members than a year ago. Excluding the territories of Guam and Virgin Islands, Pennsylvania had the lowest median year-over-year membership growth rate of minus 1.4 percent.

About 75 percent of credit unions with declining membership had assets of less than $50 million.

Read the press release.

Read the NCUA Quarterly Map Review.
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