SNL Financial Reports Continuing CU Membership Growth
America’s credit unions added 676,583 members in the first quarter of 2013, the third-highest quarterly increase since 2006, according to SNL Financial.
The industry now has reported a quarterly increase of more than 600,000 members in four of the past five quarters, said the financial information analysis firm based in Charlottesville, Va., during which time 2.7 million members have been added, more than in the previous 11 quarters.
Total membership as of March 31 was 95.7 million, SNL Financial said, up 2.11% from 93.8 million a year ago.
The full report and analysis is online, the company said.