ARLINGTON, Va.–NAFCU has released a new quarterly report offering a national overview of trends in the credit union industry.
Among the findings shown in the latest data:
- During the third quarter of 2021, overall share growth remained slowed but elevated through the middle of 2021
- Stronger consumer lending also resulted in improved overall loan growth, while net interest margin began to stabilize, even at a historically low level
- Operating expenses rations sunk during the pandemic but have “started stabilizing due to stronger hiring”
“Industry performance was solid in the third quarter," said NAFCU Chief Economist and Vice President of Research Curt Long. "Membership rose, loan growth improved, and share growth moderated. Net worth ratios improved for every asset class during the quarter.”
The full report can be found in CUToday.info’s The Vault here.