1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr For an industry that lost 1,000 credit unions between 2011 and 2015, hitting the billion-dollar asset mark is a daunting goal. Just 8% of the nation’s 6,021 remaining credit unions have assets of more than $500 million, according to the NCUA. Only 23 have assets over $5 billion and they control roughly a quarter of the entire industry’s assets.But some credit unions are hitting new high-water marks. New Berlin, Wisc.-based Landmark Credit Union hit $3 billion in assets in May, for example, making it the first in the state to do so. On June 1, Duluth, Ga.-based Georgia United Credit Union announced records assets too, crossing the $1 billion threshold and joining the ranks of just 250 other credit unions in the billion dollar club. Georgia United has 151,000 members. continue reading »
Five tips for PR success in your credit union
Omnibus to require NCUA to study MSAs under RBC
Save my name, email, and website in this browser for the next time I comment.