MADISON, Wis. – Among the trendlines from 2012 that will need to be addressed in 2013 for America’s credit union community is the clear case of the “haves” and “have-nots” when it comes to growth.
As part of its analysis of credit union data released last week, CUNA Mutual noted that while the year will go down as a record year for loan originations, membership gains and capital increases, the data also show 3,325 CUs (47% of all CUs) reported declines in loans outstanding between Q3 2011 and Q3 2012. The top 200 CUs (2.8% of all CUs) as measured by the largest dollar amount of increase, accounted for 84% of all loan growth during the past year.
The trendline is similar for member growth. At 96.2 million total membership is up 2.2 million YTD and 2.6 million (2.8%) since October 2011. But the CUNA Mutual analysis noted that while the YTD and year-over-year gains are very impressive, gains are highly concentrated. Between Q3 2001 and Q3 2012, CUs with assets in excess of $1 billion (195 CUs) accounted for 63.5% of all membership growth. During the same period, 3,485 CUs (50% of all CUs) reported membership declines.