MADISON, Wis.–Credit union memberships grew a strong 440,000 in June, or 0.43%, much better than the 252,000 new members, or 0.25%, added in June 2014, according to new analysis released by CUNA Mutual Group as part of its latest Trends Report.
That brings total CU membership in the U.S. to 103-million, or 32.5% of the total population of the country, according to CUNA Mutual.
Year-to-date credit unions added two-million new members, faster than the 1.7 million members added in 2014. Year-over-year memberships have increased at a 3.3% pace, the fastest in more than 20 years. CUNA Mutual projects the economy to add another three-million jobs in 2015 and 2016 contributing to credit union membership growth of 3% in both 2015 and 2016.
CUToday.info has complete coverage of all the data compiled in the Trends Report, including robust lending numbers, here.