The membership of federally insured credit unions in the United States grew consistently from 2013 to 2024. By the fourth quarter of 2024, approximately ***** million people were credit union members, an increase of three million since the end of 2023.

In the first quarter of 2025, Navy Federal Credit Union remained the largest credit union in the United States by membership, with approximately ***** million members. It was followed by Pentagon with around **** million members, while State Employees' credit union ranked third with *** million members.

BECU, previously named Boeing Employees' Credit Union, reported its lowest net income in 2022 since 2010. The net income of the credit union was roughly 105.94 million U.S. dollars in 2022, down from 257.5 million U.S. dollars in 2021. In 2023, the institution's net income increased notably, amounting to over 211.3 million U.S. dollars.

The net gain in credit union memberships in the United States grew steadily each year from 2010 to 2018, reaching *** million in 2018 before declining in the following years. Membership growth peaked at *** million in 2022 but subsequently declined. By 2024, credit unions added *** million new members.

The credit union industry is experiencing robust growth, driven by increasing consumer demand for transparent and member-centric financial services. While precise market sizing data is unavailable, considering a global market and referencing similar financial institutions, we can estimate the 2025 market value to be around $2 trillion USD. This is based on extrapolation from publicly available data on assets under management by major credit unions and considering overall financial market growth. A Compound Annual Growth Rate (CAGR) of 5% is a conservative estimate reflecting steady but not explosive growth given economic uncertainties, and the ongoing digital transformation within the sector. Key drivers include the rising popularity of digital banking, increasing customer preference for personalized financial solutions, and a growing distrust of traditional banking institutions. Trends such as the expansion of financial technology integration, personalized financial management tools, and the increasing adoption of mobile banking are further fueling growth. However, regulatory hurdles and the intense competition from established banks and fintech startups represent significant restraints. Market segmentation is primarily driven by member demographics, service offerings (e.g., personal loans, mortgages, investments), and geographic location. The listed credit unions, including large players like Navy Federal Credit Union and BECU, alongside regional institutions like Suncoast Credit Union and Patelco Credit Union, showcase the diverse competitive landscape. The forecast period of 2025-2033 anticipates continued growth, albeit at a potentially moderating pace. This moderation accounts for the possibility of economic slowdowns impacting loan demand and member savings. The industry will likely witness further consolidation as smaller credit unions seek mergers or acquisitions to compete effectively. Technological advancements will remain a key driver, with credit unions investing in advanced analytics and artificial intelligence to enhance customer experiences and improve operational efficiency. A focus on community engagement and tailored financial literacy programs will differentiate successful credit unions from their competitors. The regional distribution of credit unions varies greatly. North America currently holds a dominant market share due to its established credit union infrastructure, but growth is expected in other regions as financial inclusion initiatives gain traction.

The Community Credit research project explores pathways for trusted collaboration between credit unions and the communities they serve. To understand the experiences of people historically underserved by the consumer financial services industry, we focused in particular on the lived experience of low-income residents in Southern California. As part of a larger, mixed-methods study, in 2022 we conducted an online survey investigating people’s everyday financial practices, evolving perceptions of trust and risk, and their unmet financial needs. The general population survey data was collected between April 15 and April 22, 2022. The credit union data was collected between May 3 and July 18, 2022. This data set contains the responses of the survey participants after excluding any personally identifying data. All study materials and procedures were approved by the University of California, Irvine Office of Human Research Protections and the Institutional Review Board (protocol ID 20216839)...., Survey data was collected via the Qualtrics platform. The survey contains 52 questions. It was distributed to the general population in zip codes within the counties of Los Angeles and Orange. It was also distributed directly to members of a large credit union headquartered in Orange County (“large†according to NCUA asset classes). Participants were eligible to complete the survey if they live in Orange County or Los Angeles County, are older than 18, and have a combined household income of less than $100,000. Incomplete responses have been removed. The survey yielded 1,370 complete responses (1,213 from the general population participants and 157 from members of the large credit union)., Note that the files do not contain all the responses from the survey questions. Responses that provided potentially identifying information were removed. Survey participants’ gender, education status, employment status, and marital status were removed; data on these elements are provided in aggregate in the readme file. Responses are segmented into two files reflecting participants from the general population (“Gen Pop†) and from the credit union (“CU†).

Credit unions have experienced growth in recent years, stemming from increased membership and elevated interest rates throughout the period. The industry has experienced improving macroeconomic conditions since 2020 and credit unions have benefited from increased consumer borrowing. However, at the onset of the period, the industry was negatively impacted by economic volatility. Economic uncertainty led consumers to limit spending, while interest rates declined because the Federal Reserve lowered the Federal Funds Rate to the zero-bound range to address pandemic-induced liquidity. However, as the Federal Reserve raised interest rates in an attempt to curb inflation in 2022, industry revenue benefited. The industry experienced greater interest income, driving revenue and elevating profit although loan volumes were limited. However, in the latter part of the period the Fed slashed interest rates as inflationary pressures eased, hindering interest income but boosting loan demand volumes. As a result, revenue increased at a slower rate in the latter part of the period and profit was hindered. Overall, revenue swelled at a CAGR of 7.7% to $147.4 billion over the past five years, including a 1.6% jump in 2025 alone. Industry profit has lagged and comprises 10.1% of revenue in the same year. Changes in the regulatory environment have and will continue to shape the direction of this industry. Greater demand for credit unions increases their systemic importance to the overall economy. These intermediaries are federally insured, so any liquidity crisis requiring federal intervention would burden taxpayers. Legislation dictating stricter capital requirements passed under the National Credit Union Association's Risk-Based Capital Final Rule despite lobbying and opposition. Despite an intensified regulatory landscape, industry revenue is expected to expand at a CAGR of 0.8% to $153.2 billion over the five years to 2030. Consumer borrowing activity is expected to mount and the industry is also likely to endure greater competition from commercial banks, as their improving customer satisfaction threatens credit union membership. Despite this challenge, credit unions are expected to continue to receive strong demand for mortgages as the rate of a 30-year conventional mortgage is expected to decline over the next five years.

Financial overview and grant giving statistics of Members First Credit Union Of Florida

Employment statistics on the Credit Unions industry in the US

This table contains 77 series, with data for years 1970 - 1990 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Assets, liabilities and members' equities (77 items: Total assets;Cash and demand deposits;On hand;Demand deposits; ...).

Financial overview and grant giving statistics of Members Choice Federal Credit Union

The number of credit unions in Africa and Asia is markedly higher than in other regions of the world. The number of credit unions in these regions accounted for almost 90 percent of the total number of credit unions worldwide. In 2023, there were 37,268 credit unions in Asia and 25,724 in Africa.

Financial statistics credit union information is data that provides general information, financial status, and management performance of credit unions based on the base year and month and union name. This data consists of three operations. Each operation is as follows. ① Credit union general status inquiry: Provides basic information such as establishment date, head office location, number of members, and branch status. ② Credit union financial status inquiry: You can inquire about financial structure-related information such as assets, liabilities, and capital. ③ Credit union key management indicator inquiry: Provides key indicators related to management performance such as ROA, ROE, and net profit margin.

This table contains 31 series, with data for years 1967 - 2016 (not all combinations necessarily have data for all years), and is no longer being released. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Assets and liabilities (31 items: Total, assets; Cash and demand and notice deposits, in centrals; Cash and demand and notice deposits, other; Term deposits; ...).

Financial overview and grant giving statistics of Members Plus Credit Union

Summary statistics for the chartering activity and field of membership actions processed by the Office of Credit Union Resources and Expansion’s Division of Consumer Access. This resource also provides specific details regarding notable events such as large expansions, community charter actions, and charter conversions. In addition, the report provides summary and detailed information about mergers approved by NCUA's Regional Offices.

Concept: Total of correspondents from the banking segment, credit unions, credit, finance and investment companies (SCFIs) and microentrepreneur and small business credit companies (SCMEPPs), divided by the country's adult population estimation for the year, calculated by IBGE, and multiplied by ten thousand

Concept: Total of branches, headquarters, banking service outposts (PA), electronic service outposts (PAE) and correspondents from the banking segment, credit unions, credit, finance and investment companies (SCFIs) and microentrepreneur and small business credit companies (SCMEPPs) in the region, divided by the region's adult population estimation for the year, calculated by IBGE, and multiplied by ten thousand Source: Central Bank of Brazil - Department of Financial Education 25034-total-of-service-points-from-the-banking-segment-credit-unionsscfis-and-scmepps-in-the-south- 25034-total-of-service-points-from-the-banking-segment-credit-unionsscfis-and-scmepps-in-the-south-

The number of credit unions in the United States decreased notably between 2013 and 2024. At the end of 2024, there were ***** federally insured credit unions in the U.S., representing a significant decline from previous years. Despite this reduction in the number of institutions, the total assets managed by credit unions continued to grow. In 2024, U.S. credit unions' combined assets surpassed **** trillion U.S. dollars, highlighting the sector's financial expansion even as consolidation reduced the count of individual organizations.

Financial overview and grant giving statistics of Members Credit Union