Margins between deposit interest rates and loans remain stagnant; the need for alternative sources of income remains paramount for CUs.
Shares and deposits grow in every state during Q4 while membership drops at half of credit unions in 2016.
Large credit unions are continuing to grow more than small ones.
Membership growth decreases to 3.7% in April, while share growth rises to 7.1%.
In one year ending in Q1 2016, median loan growth equals 4.5% at credit unions nationwide.
Total loans reach nearly $800B at the end of Q12016, an increase of 10.7% from a year ago.
Washington State, Alaska see the highest loan growth at 9% and 8%, respectively.
The NCUA reports a 6.9% increase in total shares and deposits from Q4 2014 to Q4 2015.
State-level data reveals Alaska and Idaho boast the highest median loan growth rates.
Regulators say the bank kept portions of customer deposits and must pay $31.5 million in refunds and penalties.