Large CU Loan and Deposit Growth Outperforms Community Banks

A study by Experian found that smaller community banks and credit unions are losing ground to larger institutions and that large credit unions are outperforming community banks.

Experian noted that credit unions with over $1 billion in assets had faster deposit and loan growth rates than community banks.

The median deposit growth rate for larger credit unions was 8.77 percent versus 4.06 percent for community banks. Median loan growth was 12.23 percent for large credit unions versus 5.62 percent for community banks.

However, large credit unions are less efficient and less profitable than community banks.

Read the report.