Loans: Over the past year, all major loan categories — real estate, auto, and credit card — grew at a faster rate than they did in 2013. Total loan portfolio grew by nearly $70 billion from December 2013.
Capital: Credit unions have more than $130 billion in capital, up 8.3% from one year ago.
Members: Membership grew 3.3% over the past year and totaled 100.7 million as of Dec. 31, 2014.
Relationships: The average member relationship — the total dollar amount of loan balances (excluding member business loans) and deposits per member — reached $16,288. That’s an increase of 3.5% from December 2013.
Share Growth: Share growth is improving. The quarter’s 4.6% growth is up 1 percentage point from one year ago.
The Bottom Line: Accelerating loan growth led to higher loan income, helping total revenue to rise 3.2% annually. This is the third consecutive quarter in which total revenue increased year-over-year.
A breakdown of the industry’s financial performance and impact in 4Q 2014.
Seven graphics highlight where the credit union industry gained the most momentum during the past year.
The combination of balance sheet dynamics, membership preference, and marketplace performance has the credit union industry primed for growth in 2015.
Non-real estate lending picks up at the Indiana credit union.
First mortgage loans outstanding and originations accelerated during the fourth quarter at the Florida credit union.
Callahan Clients: Watch Trendwatch 4Q 2014 On-Demand.