WASHINGTON—More members are making credit unions their primary financial institution, according to Callahan & Associates.

Mid-year numbers show that credit unions claimed a record-high of 8.9% of total U.S. insured deposits. Overall, total deposits at credit unions increased by $41.1 billion annually to reach $921.5 billion as of June 30.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.