+ 3 Data Points And Where To Find Them
Third quarter data is officially here and you have access to it in CUAnalyzer through your affiliation with the Nebraska Credit Union League. Log in now to dive into your credit union’s data. Sign up for our next training for a complete walk-through of CUAnalyzer.
Not sure where to start? Here are some quick highlights. Then click the links to sign in and see your credit union’s data in CUAnalyzer.
Data Point 1: Membership growth has reached record levels. Total membership expanded 4.4% as 4.9 million members joined the cooperative movement in the past 12 months. Today credit unions across the country serve more than 116 million members. View your credit unions member growth vs peers here.
Data Point 2: Credit unions increased market share in all major loan products in the past 12 months. View your credit union’s loan composition and YTD loan growth vs. peers.
– Credit unions now fund more than one-fifth of all auto loans originated in the United States, up 1.4% year-over-year to post a market share of 20.6%.
– First mortgage market share is up 30 basis points in the past year, steadily climbing and hitting a record high of 8.4%.
– Revolving credit, most commonly issued as credit cards, is up 30 basis points year-over-year to 6%.
Data Point 3: Net interest margin increased 14 basis points in the past year to 3.12%, and the operating expense ratio increased 5 basis points to 3.12%. For the first time since 2Q 2011, the net interest margin has been at or greater than the operating expense ratio. View your credit union’s net interest margin and operating expense ratio vs. peers.
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