Credit Union 101, as in Millions
The NCUA released a number of key performance statistics from Q2 2015 data. Topping the news was the report that now more than 101 million Americans had joined credit unions. Other key stats show a 4.2% drop in the number of CUs as 270 left the market and 6,159 remained. Loan growth continues as indicated by a 10.2% annual growth rate and positive cumulative earnings continued for the 22nd consecutive quarter with earnings growth reported at 4.2%. Overall risk within the market remains lower with 97.6% of all insured CUs well-capitalized. [9/4/15]


