Credit Unions Hit 100 Millionth Membership
Credit unions have reached and surpassed 100 million memberships nationwide – equating to one in every three Americans – J. Scott Sullivan, President and CEO of the Nebraska Credit Union League, announced today. The 100 million memberships count is based on data collected from credit unions and compiled by CUNA in its June 2014 “Monthly Credit Union Estimates.” CUNA estimates that credit union memberships expanded by 2.9% in the past 12 months (June 2013 to June 2014), and the 100 million mark was eclipsed in June. This represents a continuation (and acceleration) of trends previously reported: In 2013 memberships expanded by 2.5% and in 2012 memberships grew 2.1%. CUNA expects the membership growth to continue in the second half of 2014 and exceed the full-year growth of the previous year. Read the full Press Release.