During the past year, memberships grew 4.2%. CUNA Mutual projects that membership should grow more than 3% this year.
In the first two months of 2016, 820,000 people joined credit unions - a 400,000-member uptick from last year.
First mortgage originations total $126 billion at credit unions, representing a 33% increase over 2014.
Thinking about a structural change? Filene makes a strong case for the network credit union concept.
Over the past 10 years, PenFed grew assets and members by 140% and 106%, respectively.
A lower-than-peer operating cost structure is key to PenFed’s growth.
Washington State, Alaska see the highest loan growth at 9% and 8%, respectively.
An education program helps BECU grow business loans from $66 million to $415 million in four years.
The NCUA reports a 6.9% increase in total shares and deposits from Q4 2014 to Q4 2015.
Despite a net loss of 288 credit unions, the industry gains nearly 250,000 new memberships in 2015.