Federally-insured credit unions ended the second quarter 2024 with $2.3 trillion in assets, up 3.5% from a year earlier. About 70% of those assets ($1.62 trillion) is in the form of outstanding loans, which increased just slightly more at 3.6%.…
A Loan is a Great Asset (for a Bank), Unless it’s Not
All Credit Union and Bank Star-Ratings are now updated based on June 30, 2024 Financial Data. Next week we will touch more on the state of the credit union industry. This week’s focus is on overall bank loan quality. The…
New C.U. Star-Ratings and Data Now Available
Federally-Insured U.S. Credit Unions hold roughly $167 billion dollars in uninsured shares or deposits. About 3/4s of the industry has some amount of uninsured deposits on their books. In addition to looking at key metrics from 1st quarter 2024 credit…
Credit Union Membership Nears 140 million
Navy Federal Credit Union claims close to 10% of all members of federally-insured credit unions in the nation. It has roughly the same number of members as the 3,375 credit unions with less than $200 million in assets, combined (73%…
New CU Star-Ratings + Is There a Soft Landing in Sight?
All credit union and bank star-ratings and reports are now updated based on third quarter 2023 financial data. After the failures this spring of Silicon Valley Bank, Signature Bank and First Republic Bank, a number of big bank deposits made their…
Credit Union Data is all About the Loans
First quarter 2023 credit union data is all about loans. After jumping 17.6% from a year ago, total loans outstanding at federally insured credit unions now top $1.5 trillion. At $17,310, the average loan balance was up almost 6% from…
All Credit Union Ratings Updated w/Year-End Data
Here’s some good news. Over half of our nation’s credit unions have earned BauerFinancial’s top 5-Star rating; the highest percent since 2020. Total assets, loans and insured shares all increased in 2022. NCUA Chairman, Todd Harper, first highlighted the industry’s…
Happy Holidays… New Credit Union Star-Ratings
Jerome Powell may be the grinch trying to steal Christmas this year with the help of the Fed’s Open Market Committee. They raised borrowing costs another ½ point this week, making those credit card bills just a little more difficult…
Banks Prepare for Economic Downturn
Coral Gables, Florida, June 22, 2022: BauerFinancial, Inc., the nation’s premier Bank and Credit Union rating firm, reports that net income at our nation’s banks dropped over 22% from a year ago. This, as banks find the need to bulk…
All New Credit Union Data Now Available
The Federal Reserve boosted short-term interest rates by three-quarters of a percent on Wednesday. That completes the removal of the 1.5% easing of credit (March 2020) intended to “stimulate” the economy during the Covid-19 shutdown. The target Fed Funds rate…