NCUA released its annual report to Congress on the performance of minority depository institution (MDI) credit unions and the agency’s work to support them. MDI credit unions experienced growth in membership, assets, and loans in 2021 as they continued to provide safe, fair, and affordable financial services to their members and communities.
The NCUA supervised 509 MDI credit unions at the end of 2021, compared to 520 at the end of 2020. The slight decline is largely due to credit unions that fell outside the specific requirements for the MDI designation. These credit unions:
- Served more than 4.5 million members, up from 4.3 million in 2020;
- Increased total assets to $58.9 billion from $51.1 billion the year before; and
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