WASHINGTON–A new analysis of credit unions between $500 million and $1 billion in assets reveals different areas of strength when it comes to asset, loan, share, and member growth across the NCUA’s five designated regions.
According to Callahan & Associates’ analysis of 2Q 2016 data, the top regions for growth in each category within the $500 million to $1 billion asset range are:
Asset and Share Growth
The Central Region (NCUA Region 4) leads the way in 12-month asset growth and share growth at 8.53% and 7.77%, respectively. Nationally, the averages for this asset range are 7.72% and 7.40%, Callahan’s reported.
Member Growth
New England (NCUA Region 1) is attracting the most new members with 12-month member growth of 5.07%. This is compared to the national average of 4.61% for credit unions in this asset range, Callahan’s said.
Loan Growth
The Southeast (NCUA Region 3) credit unions in this asset range generated 12-month loan growth of 13.10%, far outpacing the national peer average of 11.43%.
The 12-month growth averages for all credit unions between $500 million to $1 billion bested overall industry numbers in all four categories.
“From these numbers, it’s apparent that even with the regional differences in performance, credit unions in the $500 million to $1 billion asset range are thriving overall,” said Liz Furman, analyst at Callahan & Associates, in a statement. “Their growth is a sign of the credit union movement’s continued and expanding impact.”