WASHINGTON – According to Callahan & Associates data, credit union membership has grown three times faster in the last decade than the U.S. population as a whole. During this period the U.S. population increased by 13%, while CU membership was up by 45%. Credit union membership penetration of the population has increased from 22% to 28%. The top five states in terms of penetration are the following: District of Columbia, 78%; Alaska, 60%; Utah, 54%; Hawaii, 51%; and Maine 47%. Utah had the fastest growing membership going from 793,344 in June of 1990 to 1,226,305 in June 2001. Utah also had one of the fastest growing populations in the country, growing from 1,722,850 in April of 1990 to 2,233,169 in April of 2000. Utah also had sweeping FOM legislation that may have helped its CU membership spike. California, which has 15% of all credit union assets in the nation, had a membership growth rate of 38%. Credit Union Times will publish a Callahan’s chart breaking down membership growth by state in an upcoming issue.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.