While credit unions under $50 million in assets have consistently reported a decline in membership, some billion dollar cooperatives continue to experience a decrease as well.
According to CUNA Mutual Group's September Credit Union Trends Report, 58% of CUs under $50 million in assets reported declines and 20% of the billion-dollar plus segment are following the same pattern.
Overall, the industry's membership was up 65,000 in July, the latest period tracked. This reflected an 845,000 member gain year-to-date and 867,000 over the past year. There are now an estimated 92.9 million members being served by CUs.
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