50 Percent of CUs Experienced Year-over-Year Membership Losses

While overall credit union membership growth increased during the third quarter of 2017, half of federally-insured credit unions reported fewer members at the end of the third quarter of 2017 than a year earlier, according to the National Credit Union Administration.

Median membership growth was negative in 22 states. At the median, membership saw the sharpest decline in the District of Columbia (-1.8 percent) followed by Pennsylvania (-1.2 percent).

Large credit unions saw the strongest year-over-year membership growth. However, about 2,500 credit unions reporting negative membership growth had less than $50 million in assets.

Read the press release.