State Credit Union Facts & Figures

Download NASCUS' Facts and Figures Brochure, September 30, 2006 Data
Data Provided by the Massachusetts Credit Union Share Insurance Corporation based on September 30, 2006.
NASCUS' State Chartered Credit Union Facts and Figures brochure is updated quarterly.

How Many SCUs Are There?
There are 3,378 state-chartered credit unions (SCUs.) (39.12% of all credit unions in the United States.) There are also 133 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 $13.74 billion in assets.

The remaining top five largest SCUs are:
2. BECU (WA)-$6.83 billion
3. Golden 1 CU (CA)-$6.26 billion
4. Alliant CU (IL)-$4.42 billion
5. Patelco CU (CA)-$3.92 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 264 state-chartered CUs with assets under $1 mil. The smallest state-chartered credit unions are: Kaneb Employees (KS) - $781 total assets; Star CU (WI) -$26,781 total assets and Imperial (OH) - $33,918 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? **
Find below key ratios from September 30, 2006 data:

Ratios

SCU

FCU

Member Growth

.99%

1.41%

Share Growth

1.83%

2.95%

Loan Growth

4.73%

7.06%

Delinquency

0.64%

0.61%

Loans/Shares

84.12%

80.89%

Loans/Assets

71.2%

68.6%

Return on Assets

.79%

.95%

Net Worth

11.36%

11.67%

** 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 176 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

36.4%

35.6%

First Mortgage

34.3%

30.5%

Other Real Estate

16.0%

17.7%

Other Loans

5.4%

5.3%

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