ORLANDO —CUNA President/CEO Jim Nussle said Friday at theSoutheast Credit Union Conference and Expo that he is concernedabout the future of credit unions.
To illustrate his concern, Nussle displayed a graphic on the big screensthat told the story.
In 1992, about 41% of all the assets were managed by the top 100financial institutions. That number grew to 75% in 2016. In 1992,about 53% of total assets were managed by community banks. Thatnumber has declined to 17% in 2016. For credit unions, market sharewas 5.6% in 1992, and while it has ebbed up and down over the last25 years, credit union market share edged up to 6.8% by the end oflast year.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
