Deposits by the numbers

Increases in most deposit products helped total share balances top $1.2 trillion in the first quarter of 2018.

Credit union shares and deposits increased $64.9 billion, or 5.6%, over the past year to reach $1.22 trillion in the first quarter of 2018. The majority of this growth came from regular shares, which increased $26.4 billion year-over-year. Credit unions reported an annual increase in all deposit products  except for IRA & Keough accounts, which decreased 1.0%.

Although regular shares added the largest dollar value in the first quarter, share drafts posted the fastest growth — 9.4%. Share drafts added $16.9 billion to the deposit portfolio, and closed out the quarter at $196.8 billion. The proportion of the deposit portfolio comprised of share drafts also increased —80 basis points YOY to 15.6% as of March 31.

The largest portion of the deposit portfolio remained regular shares. These comprised 35.7% of the portfolio at the end of the first quarter. Money market shares followed at 22.5%, then share certificates at 17.7%, share drafts at 15.6%, and IRA & Keough accounts at 6.8%.


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