State Credit Union Facts & Figures

Download NASCUS' Facts and Figures Brochure, December 31, 2008 Data
Data Provided by the Massachusetts Credit Union Share Insurance Corporation based on December 31, 2008 data. NASCUS' State Chartered Credit Union Facts and Figures brochure is updated quarterly.

How Many SCUs Are There?
There are 3,122 state-chartered credit unions (SCUs). SCUs represent 39% of all credit unions in the United States. There are also 130 privately insured credit unions located in Puerto Rico.

How Large Are SCUs?
Of the five largest natural person credit unions in the United States, two are state-chartered. The largest state-chartered natural person credit union in the United States is State Employees' Credit Union (NC) with $16.71 billion in assets.

The remaining top five largest SCUs are:
2. BECU (WA)-$ 8.64 billion
3. Golden 1 CU (CA)-$6.97 billion
4. Alliant CU (IL)-$5.95 billion
5. San Diego County CU (CA)-$4.54 billion

Are There Small State-Chartered Credit Unions?
The credit union movement contains credit unions of all sizes serving people of various means. There are 243 state-chartered CUs with assets under $1 mil. The smallest state-chartered credit unions are: Star (WI) - $18,918 total assets; Imperial (OH) $28,557 total assets; and Avon Avenue Baptist Church Credit Union (OH) $34,934 total assets.

How Many State-Chartered Corporate Credit Unions Are There?
Of the 28 corporate credit unions in the country, 14 are state-chartered.

How Healthy Are SCUs? **
Find below key ratios from December 31, 2008 data:

Ratios

SCU

FCU

Member Growth

2.79%

2.52%

Share Growth

7.99%

7.77%

Loan Growth

7.64%

7.66%

Delinquency

1.41%

1.33%

Loans/Shares

83.53%

82.99%

Loans/Assets

70.4%

69.1%

Return on Assets

.24%

.37%

Net Worth

10.85%

11.02%

** Ratios are calculated using universe of credit unions with assets > 0, excluding corporate credit unions. Ratios are calculated since prior 12/31.

How Are SCUs insured?
Deposits in 95% of the nation's state-chartered credit unions are insured by the National Credit Union Share Insurance Fund (NCUSIF). American Share Insurance (ASI) insures 162 state-chartered credit unions.

What Types of Loans Are Credit Unions Making?
Credit unions are serving its members borrowing needs from car loans to business lending. Find below, loans cited as a percent of total loan portfolio.

 

SCU

FCU

Auto

31.2%

30.7%

First Mortgage

38.7%

32.3%

Other Real Estate

16.4%

17.6%

Other Loans

5.2%

4.9%

What Percentage of SCU Assets Are Supervised by NASCUS Accredited Agencies?
Nearly 85 percent of state-chartered credit union assets are supervised by NASCUS Accredited State Supervisory Authorities. Currently, there are 28 NASCUS Accredited State Agencies:
Alabama
Arizona
California
Colorado
Connecticut
Florida
Georgia
Idaho
Indiana
Iowa
Kansas
Kentucky
Louisiana
Massachusetts
Michigan
Missouri
New Mexico
North Carolina
North Dakota
Ohio
Pennsylvania
Tennessee
Texas
Utah
Vermont
Virginia
Washington
Wisconsin