CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » Economists Share Historic Credit Union Growth in December Analysis
Press

Economists Share Historic Credit Union Growth in December Analysis

December 19, 2018

FOR IMMEDIATE RELEASE

Contacts:
Lauren Williams - CUNA Communications; (202) 626-7642; lwilliams@cuna.coop
Tracy Travis - CUNA Marketing; (608) 231-4219; ttravis@cuna.coop

MADISON, Wis., and WASHINGTON, D.C. (December 19, 2018) – Credit union growth in 2018 was the fastest recorded since 1986, according to the latest industry data presented in the December Credit Union National Association (CUNA) Economic Update. Sponsored by CUNA Financial Council, the update addresses data from NCUA’s third quarter call report.

“Strong labor markets, rising incomes and low energy prices should all help to buoy overall economic results,” said CUNA economist Mike Schenk in this month’s video. But he notes, “we are of course mindful of the challenges represented by rising geopolitical risks, the danger of escalating trade disputes and increasing stock market volatility.”

In total, credit unions now report 117 million memberships—equal to roughly 36% of the U.S. population.

Additional trends this quarter included overall growth in loan portfolios, the continued rise in credit union consolidation, and increased challenges in talent management.

CUNA Economic Update is available monthly and is complimentary to all CUNA members. To watch this month’s video or previous entries, visit cuna.org/economicupdate.

###

About CUNA

Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America's credit unions, which are owned by 110 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org.

Credit Union Magazine: Winter 2022

Winter 2022

Credit Union Magazine’s Winter 2022 issue highlights data-driven marketing, the board’s role in cybersecurity, elder abuse scams, credit unions’ auto lending advantage, and more.
Digital Edition •  Subscribe

Trending

  • Reps introduce bipartisan Credit Union Board Modernization Act

  • Compliance: Experts analyze NCUA’s 2023 supervisory priorities

  • CFPB must convene SBREFA panel for credit card fee rulemaking

Tweets by CUNA_News

Polls

How do you feel about the economy in 2023?

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us