LAKE BLUFF, Ill.- As credit unions enter 2013, they are faced with some sobering facts: A small percentage of institutions continue to drive most of the industry's growth, thousands of credit unions' earnings remain flat or in the red, and many analysts are forecasting the situation is not going to be getting better anytime soon.

Based on data from NCUA and CUNA Mutual Group, 2,000 CUs (29% of the entire industry) reported losses during Q3 of 2012, the majority (1,692) with assets of $50 million or less. While overall industry lending was up, 47% of CUs reported declines in loans between Q3 2011 and Q3 2012. Amazingly, just 2.8% of CUs accounted for 84% of all loan growth.

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