WASHINGTON—Credit union membership growth continued throughout the first quarter but loan and share growth moderated somewhat, according to NAFCU’s latest CU Industry Trends report.
"There continue to be performance disparities across regions and asset classes," said NAFCU Chief Economist and Vice President of Research Curt Long. "Growth has been strongest in the West, while earnings have improved substantially in the Southeast region over the past year. Meanwhile, small credit unions continue to struggle even as the interest rate environment has improved."
As CUToday.info reported here, last week NCUA released its first-quarter data on the credit union industry, showing that federally-insured credit unions saw total net income grow 35%, year over year, as membership reached 112.7 million.