Press

NAFCU: NCUA data shows robust loan, share growth for third quarter

WASHINGTON, DC (December 4, 2015) — National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger said the National Credit Union Administration’s third-quarter 2015 call report data highlights the growing value credit unions provide their members.

“The NCUA’s third-quarter call report data on loan and share growth indicates a deepening level of confidence among credit union members and the increasing value that members place on their credit unions,” said Berger. “This data demonstrates credit unions are a welcome resource and continue to appeal based on a member-focused, not-for-profit business model that delivers very competitive rates, low costs and fees, as well as extraordinary member service.”

Highlights of NCUA’s 2015 third-quarter call report data include:

Credit union membership grew by 1.1 million during the third quarter of 2015 – bringing it to a total of 102.1 million.
The loan-to-share ratio rose two percentage points to 77.5 percent.
Credit union assets, year over year, were up $73 billion, or 6.6 percent, totaling $1.18 trillion.
The average net worth ratio increased seven basis points from the second quarter, and six basis points from one year ago, to 10.99 percent.
Total loans increased 10.7 percent to $769.5 billion over the past year.

About NAFCU

The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.