Median CU Membership Growth Was Negative in 15 States for 2018

At least half of credit unions in 15 states, including the District of Columbia, saw declining membership for 2018.

The states with the lowest median membership growth rate for 20018 were the District of Columbia at minus 1.7 percent, Pennsylvania at negative 1.5 percent, Illinois at minus 1.4 percent, and New Jersey at negative 1.0 percent.

The other states with negative membership growth were Mississippi (-0.8 percent), Connecticut (-0.5 percent), Delaware (-0.5 percent), North Dakota (-0.5 percent), Louisiana (-0.3 percent), Ohio (-0.3 percent), Massachusetts (-0.2 percent), Nebraska (-0.2 percent), Oklahoma (-0.2 percent), Hawaii (-0.1 percent), and Texas (-0.1 percent).

The National Credit Union Administration noted that credit unions with declining membership tend to be small, as about 75 percent of credit unions has assets below $50 million.

In addition, three states with negative median year-over-year membership growth rate for 2018 had negative year-over-year median asset and share growth rates. The three states were Delaware, New Jersey, and Louisiana. The median year-over-year asset and shares growth rates for Delaware were minus 1.2 percent and minus 0.3 percent, for New Jersey were minus 0.3 percent and minus 0.7 percent, and for Louisiana were minus 0.1 percent and minus 0.7 percent.