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NASCUS' Facts and Figures Brochure, March 31, 2006
Data
Data Provided by the Massachusetts
Credit Union Share Insurance Corporation based
on March 31, 2006 data.
NASCUS' State Chartered Credit Union Facts and Figures brochure is updated
quarterly.
How Many SCUs Are There?
There are 3,440 state-chartered credit unions (SCUs.) (39.14% of all
credit unions in the United States.) There are also 134 privately insured
credit unions located in Puerto Rico
How Large Are SCUs?
Of the five largest natural person credit unions in the United States,
three are state-chartered. The largest state-chartered natural person
credit union in the United States is State Employees’ Credit
Union (NC) with $13.50 billion in assets.
The remaining top five largest SCUs are:
2. Boeing Employees’ CU (WA)-$6.48 billion
3. Golden 1 CU (CA)-$6.01 billion
4. Alliant CU (IL)-$4.37 billion
5. Patelco CU (CA)-$3.87 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 288 state-chartered CUs with assets
under $1 mil. The smallest state-chartered credit unions are: Kaneb
Employees (KS) - $808 total assets; Catholics United (KS) - $8,178
total assets; Star CU (WI) -$15,897 total assets.
How Many State-Chartered Corporate Credit
Unions Are There?
Of the 30 corporate credit unions in the country, 10 are state-chartered.
How Healthy Are SCUs? **
SCUs are very healthy. Find below key ratios from March 31, 2006 data:
| Ratios |
SCU |
FCU |
| Member Growth |
.66% |
.17% |
| Share Growth |
3.09% |
3.23% |
| Loan Growth |
.97% |
1.10% |
| Delinquency |
0.57% |
0.56% |
| Loans/Shares |
80.25% |
76.37% |
| Loans/Assets |
68.6% |
65.4% |
| Return on Assets |
0.75% |
0.88% |
| Net Worth |
11.01% |
11.19% |
** Ratios are calculated using universe of credit
unions with assets > 0, excluding corporate credit
unions.
How Are SCUs insured?
Deposits in 94.65% of the nation’s state-chartered credit unions
are insured by the National Credit Union Share Insurance Fund (NCUSIF).
American Share Insurance (ASI) insures 184 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 |
36.8% |
36.1% |
| First Mortgage |
34.6% |
30.8% |
| Other Real Estate |
15.5% |
17.1% |
| Other Loans |
5.4% |
5.4% |
What Percentage of SCU Assets Are Supervised
by NASCUS Accredited Agencies?
More than 82 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
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