Not all improvements are equal
It’s important to remember that it’s likely not all credit unions will experience our broad expectations for movementwide loan growth.
In general, larger credit unions will continue to reflect disproportionately fast growth in loans while smaller credit unions will see increases not nearly as dramatic as the national averages suggest.
The latest NCUA call report data highlights the disparities.
Overall, credit union loans grew 10.8% in the year ending June 2015. But credit unions with less than $20 million in assets (accounting for roughly 45% of all credit unions) grew only 3.1%, and those with $20 million to $50 million (accounting for roughly 20% of all credit unions) grew 3.7% on average during that period.
In contrast, the nation’s largest credit unions grew 13.3% on average.
MIKE SCHENK is CUNA's vice president of economics and statistics. Contact him at 608-231-4228.