COLUMBUS, Ohio (4/10/15)--State-chartered credit unions hold the majority of credit union assets in Ohio, despite making up only 45% of the state's credit unions, according to recent analysis of credit union data over the past five years from the Ohio Credit Union League.
Federally chartered credit unions, which maintain a 55% majority over their state counterparts in Ohio, only hold 36% of the state's assets and members, the numbers found.
Further, assets among Ohio's state-chartered credit unions have climbed by 29% over the past five years, compared with a national average of 26%. By contrast, federally chartered credit unions have experienced a 15% increase in asset growth over that stretch.
Both state and federally chartered credit unions have net-worth ratios of 11.24%, the highest since 2010.
Additional numbers for state-chartered credit unions over the past five years: