CU Membership Surpasses 117M, $1.5T in Assets

According to NCUA’s 2019 first-quarter call report data, membership at federally insured credit unions surpassed 117 million, adding 1.1 million members so far this year. In addition, assets grew $90 billion over the year resulting in $1.51 trillion in total assets.

NCUA’s Quarterly Credit Union Data Summary for 2019 Q1 reports:  

  • Membership in federally insured credit unions rose 4.1 percent over the year;
  • Assets grew 6.3 percent to $1.51 trillion, up from $1.42 trillion a year ago;
  • Loans outstanding increased 7.9 percent to $1 trillion, up from $972 billion a year ago;
  • Deposits (shares) grew 5.5 percent to $1.19 trillion, up from $1.13 trillion a year ago; and
  • The credit union system's net worth ratio was 11.14 percent, up from 10.89 percent last year.