Credit Unions may be member owned, but that doesn’t mean members are exempt from fees. A research note from the NCUA (January 16, 2025), disclosed two major findings. 1) In spite of many credit unions reducing or eliminating certain fees,…
Subpar Credit Unions with Uninsured Deposits
During the 12-month period ending June 30, 2024, uninsured shares and deposits at our nation’s credit unions increased to nearly $170 billion. Roughly $1.5 billion of those uninsured deposits are at credit unions that are deemed less-than-Well-Capitalized by regulatory standards.…
New C.U. Star-Ratings and Data Now Available
Federally-Insured U.S. Credit Unions hold roughly $167 billion dollars in uninsured shares or deposits. About 3/4s of the industry has some amount of uninsured deposits on their books. In addition to looking at key metrics from 1st quarter 2024 credit…
Credit Union Membership Nears 140 million
Navy Federal Credit Union claims close to 10% of all members of federally-insured credit unions in the nation. It has roughly the same number of members as the 3,375 credit unions with less than $200 million in assets, combined (73%…
New CU Star-Ratings + Is There a Soft Landing in Sight?
All credit union and bank star-ratings and reports are now updated based on third quarter 2023 financial data. After the failures this spring of Silicon Valley Bank, Signature Bank and First Republic Bank, a number of big bank deposits made their…
Subpar Credit Unions with Uninsured Deposits
The total of uninsured shares/deposits reported by U.S. credit unions was cut by $7 billion during the 12 months ending June 30, 2023. However, at $158 billion, uninsured credit union deposits remain quite high. What’s more, $630 million of that…
Credit Union Share (Deposit) Growth
After the three fairly large and very public bank failures earlier this year, we heard much anecdotal evidence that deposits fled from banks to credit unions. Credit Union deposits did, indeed grow by 2.13% in the first quarter. Bauer’s LLAMAS…
Because People Still Need/Want that Human Touch
The number of Federally-Insured credit unions was cut by nearly 15% in the 5 years ended March 31, 2023, yet membership climbed more than 20%. The big keep getting bigger while the small fight to survive. Fifty-one 5-star credit unions…
Credit Union Data is all About the Loans
First quarter 2023 credit union data is all about loans. After jumping 17.6% from a year ago, total loans outstanding at federally insured credit unions now top $1.5 trillion. At $17,310, the average loan balance was up almost 6% from…
CU Expansion to Serve the Underserved
Last year at this time (JRN 39:09), we reported that 31 credit unions had received approval in calendar year 2021 to expand their fields of membership (FOM) into underserved areas. Continuing on with last week’s theme of bank expansion into…