Q4 call report data reflects ongoing industry growth
Despite the effects of the ongoing coronavirus pandemic, membership at federally-insured credit unions continued to grow in the fourth quarter of 2020 – reaching 124.3 million – according to the NCUA’s latest call report data. In addition, total assets rose by 3.2 percent over the quarter to $1.85 trillion.
“The fourth quarter call report data shows credit unions are continuing to do what they do best – serving their members and communities despite an uncertain economic outlook,” said NAFCU Chief Economist and Vice President of Research Curt Long.
“NAFCU will continue to work to ensure credit unions can access every tool in the toolbox to grow and support their members by advocating for vital relief measures.”
The quarterly call reports, released by the NCUA, provide an overview of the financial performance of federally-insured credit unions based on information reported by those credit unions.
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