MADISON, Wis. – CUNA Mutual Group’s December 2012 Credit Union Trends Report is now available for download on the League Web site. Published and distributed by Dave Colby from CUNA Mutual Group, Credit Union Trends Report is a monthly "pulse check" on the state of the credit union marketplace, often placed in a historical context.
The December 2012 report covers credit union results through October, but it is the last one of the year, a time to reflect on successes and look forward to challenges, Colby points out. According to the report, 2012 will go down as a record year for loan originations, membership gains, and capital increases. The first two help new and existing members improve their financial well-being and the third one helps ensure CUs are able to help even more members.
According to the report, year-over-year loan growth is improving with the latest annual gain coming in at 4.1%. Vehicles and 1st mortgages remain the dominant sources of growth. Detailed data shows growth highly concentrated and also shows 47% of all CUs reporting declines between Q3 2011 and Q3 2012.
Credit union capital of $108 billion represents 8.1% annual growth and boosted the capital-to-asset ratio to 10.5%. The loan-to-share ratio improved in October, but remains more than 1% below October 2011. The loan delinquency rate fell to its lowest level in four years and now stands at 1.100%.
The report also includes statistics, graphs, and charts on surplus funds, savings and assets, and much more.
To download the report, click here.